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- Liberty Zero Depreciation Car Insurance
Liberty Zero Depreciation Car Insurance
Liberty zero depreciation is a critical add-on cover you should opt for while buying a comprehensive car insurance policy. With this add-on, Liberty General Insurance Ltd. covers the entire cost of repairs or part replacement for your car without deducting any depreciation in case of accidental damages caused to your insured vehicle.
Benefits of Liberty Zero Depreciation Car Insurance
A new car depreciates in value very rapidly, which insurance companies deduct during claims. Buying a zero-depreciation add-on allows vehicle owners to claim the complete amount without any deductions. Here are some benefits of buying Liberty nil dep add-on cover:
- Reasonably Priced: Liberty zero dep add-on comes at an affordable price. You can completely protect your car with this cover by paying slightly more than the standard car insurance policy premium.
- Zero Deductibles: With the Liberty nil dep add-on, you are not required to pay car depreciation costs as they are covered by your insurer.
- Seamless Claim Settlement: Liberty motor insurance offers quick and smooth claim settlements backed by 24/7 claim assistance.
How to Buy Liberty Zero Depreciation Add-on Cover?
You can follow this hassle-free process to insure your car with nil depreciation add-on by Liberty General Insurance:
- Go to Policybazaar.com and select 'Car Insurance' from the homepage.
- Enter your car number in the given form and select its make/model, RTO, registration year, etc.
- Now from the list of different motor insurance plans, select Liberty car insurance to view policy details and prices.
- Under ‘Add-ons,' select the 'Zero Depreciation' cover.
- Now you will see the updated price of your chosen policy.
- You can pay your car insurance policy premium online through cards, net banking, or UPI.
- After payment is confirmed, you will instantly receive your vehicle insurance policy with the zero dep add-on via email.
Liberty Zero Depreciation Car Insurance Claim Process
Liberty zero-depreciation four-wheeler insurance has a hassle-free claim process. Here are the steps to follow while filing a claim:
- Immediately after the accident, inform your insurer about the damages sustained by your insured car.
- Upon claim intimation, a claim request will be registered under your four-wheeler insurance policy.
- Now, your insurer will appoint a surveyor for your vehicle inspection to estimate damage repair costs.
- After the inspection, your vehicle will be sent for repairs to one of the network garages of Liberty General Insurance Ltd.
- After car repair and part replacement, your insurer settles the claim directly with the garage.
- The insurance company pays the entire amount without deducting depreciation because you have a nil dep add-on.
Documents Required for a Liberty Zero Depreciation Car Insurance Claim
Please keep the following documents handy with you while filing a claim under your Liberty bumper to bumper insurance policy:
- Claim form (duly filled and signed)
- Vehicle insurance documents
- Registration certificate and tax receipt of the insured vehicle
- Valid driving licence of the driver/owner
- Police FIR (if applicable)
- No trace report (in case of vehicle theft)
- Fire report (in case of damages due to fire)
- Estimate of the vehicle repair
- NOC from the financier (if applicable and in case of total loss or theft)
- Original repair bills/receipts (for reimbursement claims)
- Discharge voucher
FAQs
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Q1. What factors should I consider before buying zero depreciation car insurance?
Ans: Before you buy car insurance with bumper-to-bumper protection, you should consider the age of your vehicle, policy premium, and your coverage requirements. -
Q2. What are the exclusions under Liberty zero depreciation car insurance?
Ans: A zero dep add-on doesn't cover the regular wear and tear of the insured vehicle, electrical or mechanical failures, damages or losses due to driver negligence, and replacement of fluids or lubricants. -
Q3. Does Liberty zero dep car insurance cover tyre damages?
Ans: No. A ‘nil depreciation’ add-on doesn’t cover accidental damages to tyres or tubes. However, you can opt for the ‘Tyre Protector’ add-on with your own damage or comprehensive four-wheeler insurance policy to cover the tyre repair or replacement costs. -
Q4. Can I opt for a zero depreciation add-on during my policy tenure?
Ans: No. You can only choose a nil dep add-on when you buy or renew car insurance.
Car zero Depreciation Insurers
Bajaj Allianz Zero Depreciation Car Insurance
Chola MS Zero Depreciation Car Insurance
Digit Zero Depreciation Car Insurance
Future Generali Zero Depreciation Car Insurance
HDFC Ergo Zero Depreciation Car Insurance
ICICI Lombard Zero Depreciation Car Insurance
IFFCO Tokio Zero Depreciation Car Insurance
Magma HDI Zero Depreciation Car Insurance
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Car insurance companies
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.