Liberty Two Wheeler Insurance - Compare,Buy or Renew Plans Online

Two-wheelers are abundant on the roads in our country and the chances of accidents are high. In many cases, people involved in an accident and liable to pay for damages claim they are from low backgrounds and cannot afford it. So the Government of India made it mandatory to have a basic third-party liability policy on all two-wheeler vehicles. Liberty General Insurance offers two package policies with different tenures.

Policy Period	1 year	Multi-year
Policy Types	Package policy	Package policy
Policy Coverage	Loss or damage to own vehicle due to natural calamities Loss or damage to own vehicle due to manmade calamities Personal accident cover Third-party liability
Exclusions	Consequential loss Loss incurred outside the geographical area Claims arising from contractual liability Normal wear and tear Invalid driving licence Use of vehicle for purposes other than limitations of use Loss or damage due to war or nuclear related events Damages covered under manufacturer’s warranty or recall Riding under the influence of alcohol or drugs
Renewal frequency	Annual	End of policy term
Available Add ons	Damage to electrical and nonelectrical parts Personal accident cover to pillion rider	Damage to electrical and nonelectrical parts Personal accident cover to pillion rider
No Claim Benefit	Applicable for every claim-free year	Applicable for every claim-free year
No Claim Benefit after Claim	Not specified	Not specified
Zero Depreciation Cover	NA	NA
Refund Facility	If the policy is cancelled at the request of the insured, no refund of premium is applicable If the company cancels the policy by sending 7 days notice, then the premium minus any pro rata portion will be refunded
Policy Expiration	If your policy expires, the NCB is affected negatively, third-party liability cover ceases, and cost of repairing your vehicle increases
Network Garage	Over 900 network garages across the country

Reasons to Choose Liberty Two-Wheeler Insurance

When you opt for a two-wheeler insurance policy from Liberty General Insurance, you stand to benefit from a number of value-added features.

Hassle-free inspections

Liberty General Insurance provides hassle-free inspections with high service standards.

Renewal discounts

Get discounts when you renew your two-wheeler insurance policy with Liberty General Insurance.

Lost key assistance

In the event that you lose your bike key, Liberty General Insurance will provide assistance in getting a duplicate one.

Quick claim settlement

Liberty General Insurance assures customers that claims on two-wheeler insurance policies will be settled within 7 working days.

Telephonic support

Get support from the customer care service anytime and anywhere through the toll-free hotline. For claims assistance, the customer care is available every day between 8:00 a.m. and 8:00 p.m.

Predefined depreciation

Enjoy predefined depreciation values on your vehicle parts to ensure efficient replacement in case of damages incurred due to an accident.

Vehicle relocation

Liberty General Insurance will provide assistance in relocating your two-wheeler to a garage in case of any major breakdown.

Bike Insurance Plans Offered by Liberty General Insurance

There are two plans on offer from Liberty General Insurance that cater to customers who need a two-wheeler insurance plan.

Multi-year two wheeler package policy

With this plan, you can choose a tenure of 2 or 3 years. You only need to make one single premium payment to avail cover for the entire term of the policy. With this plan, you can benefit from protection against rising premiums for third-party cover. In case you don’t make a claim through the tenure of the plan, you will be entitled to receive a no-claim bonus.

One-year two wheeler package policy

This plan is valid for one year and will provide comprehensive cover against own damages and third party liabilities. The plan is also eligible for no-claim bonuses for every claim-free year. If the IRDAI increases third-party premiums, then the premium for this plan will increase upon renewal.

Coverage Offered under Liberty General Insurance Two Wheeler Insurance

• Loss or damage to own vehicle due to natural calamities

If your vehicle is damaged or lost completely due to natural events, the insurance plan will pay out a benefit to cover expenses or losses. The natural calamities covered include self-ignition or lightning, fire, explosion, flood, typhoon, earthquake, storm, hurricane, tempest, inundation, hailstorm, cyclone, frost, landslide and rockslide.

• Loss or damage to own vehicle due to manmade calamities

The two-wheeler insurance policy will also cover certain manmade disasters. These include theft, burglary, riot, strike, accident by external means, malicious act, terrorist activity, any damage in transit by air, rail, road, rail, inland waterway, lift, or elevator.

• Personal accident cover

The owner or driver will get an individual accident insurance cover for any injuries sustained while driving, travelling, mounting or dismounting the bike. The cover offered with this plan is Rs.1 lakh. Policyholders can also take additional cover for pillion riders and unnamed riders.

• Third-party liability

For any accidental damages caused to a third party, the insurance pays for any legal liabilities as per the provisions of the plan. The insurer will cover any expenses related to accidental death, permanent injury or damage to property of a third party. For damages to third-party property, the insurance cover is capped at Rs.1 lakh. For death caused to a third party, there is no limit on the insurance cover.

Exclusions in Liberty Bike Insurance

There are certain exclusions applicable under a two-wheeler insurance policy from Liberty General Insurance. Under these particular circumstances, the insurer will not be liable to pay any benefits to the policyholder.

• Loss or damages incurred outside the geographical area
• Consequential loss
• Claims arising from contractual liability
• Normal wear and tear or breakdowns
• Driving without a valid licence
• Use of vehicle for purposes other than limitations of use
• Loss or damage due to war or nuclear related events
• Damages covered under manufacturer’s warranty or recall
• Riding under the influence of alcohol or drugs

Eligibility to Buy Liberty Two Wheeler Insurance Online:

To avail a two-wheeler insurance policy, a few requirements need to be fulfilled by the vehicle owner. The eligibility criteria differs between companies, and also between purchase and renewal. There are certain aspects that any insurance company will check before handing out an insurance policy.

• Registration - The bike needs to be registered with a Regional Transport Office (RTO) in the country.
• Driver details - The person availing the policy should be of legal age to ride and have a valid license.
• Modifications - Modifications made to the vehicle might result in insurance companies being reluctant to provide insurance cover.
• Fitness certificate - The vehicle might need a fitness certificate, especially if it’s an old bike.
• Payment - Depending on the plan chosen, a premium amount will have to be paid to avail the policy.
• Inspection - Depending on the vehicle, an inspection by a representative of Liberty General Insurance might be required.

Steps to Buy Liberty General Insurance Bike Insurance Policy Online:

You can buy a two-wheeler insurance policy from Liberty General Insurance easily online.

• Log on to the Liberty General Insurance official website and opt for “Two Wheeler”.
• Click on “Buy Online”.
• Enter the information required about your bike and yourself.
• You will then receive a quote of the estimated premium.
• If you agree with the premium rate, you can go ahead and make the payment.
• Once the payment is made, your policy will be issued.

How to make a Claim from Liberty General Insurance

If you need to make a claim on your two-wheeler insurance policy, you can follow the steps below:

• Register your claim with Liberty General Insurance online or via customer care, or at a branch.
• A representative will contact you for the required information.
• You can seek assistance from the representative as to whether to move the vehicle to a garage or to wait for the surveyor.
• A surveyor will be sent within 24 hours within city limits and within 48 hours outside city limits.
• Submit your documents to the insurer for verification.
• The insurance provider will verify your claim, and if approved, will settle the claim.

If you are eligible for cashless claims, you need to get your vehicle repaired at a network garage. The garage and the insurance provider will deal with each other directly. You will not be required to pay for any repairs up to the extent that the policy covers. Liberty General Insurance will settle the bill with the garage. A list of network garages can be found on the Liberty General Insurance website.

Renew Liberty Two Wheeler Insurance Online in a Few Simple Steps

When you renew your policy on time, the process is hassle-free and much simpler. Once the policy expires, renewal might require additional inspections and other information before the insurer is satisfied to give you a policy. You can renew your policy online in a few simple steps.

• Log on to the Liberty General Insurance official website and opt for “Two Wheeler”.
• Click on “Renew LVGI Policy”.
• Enter your LVGI Policy number.
• Enter either your registration number, engine number or chassis number. Enter “new” if you vehicle was a new one last year.
• Click on “Submit”.
• You will then receive a quote of the estimated premium.
• If you agree with the premium rate, you can go ahead and make the payment.
• Once the payment is made, your policy will be issued.

Why Deductible is important in a Liberty Bike Insurance Plan:

When you take an insurance plan, the insurer might give you an option to choose your deductibles. Deductibles are simply the amount you are willing to pay if anything were to happen to your vehicle. The insurer will pay the rest. For example, if you opt for a 10% deductible, then you will be liable to pay for 10% of the damages caused to your vehicle or a third party. The insurer will only pay 90% of the cost, to the extent of the sum assured.

• A higher deductible will lower your premiums, but this will also mean that in case of an accident, you will be liable to pay a higher amount.
• Choosing a lower deductible will increase your premiums, but at the time of claiming insurance, Liberty General Insurance will pay a higher amount.

What to do if your Liberty Two Wheeler Insurance Plan Expires

If you have missed the renewal date and your policy has lapsed, there are a few things you can do to remedy the situation. If your insurance policy expires, it is not legal to ride on Indian roads as per the prevailing motor laws. If something were to happen, you could end up paying high costs in damages to your own vehicle and to third-parties involved, including any damages to surrounding property. If you are riding with an expired insurance policy, it is punishable by law and you will be liable to pay a fine if you are caught. To be safeguarded against these expenses, it is advisable to renew your policy on time and always have a valid insurance plan for your two-wheeler. Furthermore,

• Contact Liberty General Insurance as soon as possible and seek advice as to how to go about renewing your policy. There might be a grace period or a reinstatement period within which you can renew your policy without much hassle.
• You can log on to the Liberty General Insurance official website and opt to renew your policy through the process mentioned above.
• If you are not given this option, you can simply purchase a new policy.
• Insurance providers generally require an inspection of the vehicle before they can renew a lapsed policy.
• You will need to pay the premium to renew the policy. Please note that if the insurer finds good reason, they can increase your premiums payable.

Liberty Two Wheeler Insurance Customer Care Service:

Liberty General Insurance provides a customer care service round the clock to address any grievances, claim settlements, queries and complaints that customers might have.

• Toll-free - 1800-266-5844
• Fax - 022 6700 1606
• Boardline - 022 6700 1313
• Send in an email to care@libertyinsurance.in
• You can also write to the customer support through the official website.
• You can request for a call back from the customer support on the official website.
• You can send your query via post to the following address:

Liberty General Insurance Ltd.

10th floor, Tower A,

Peninsula Business Park,

Ganpatrao Kadam Marg,

Lower Parel, Mumbai - 400 013

Liberty Two Wheeler Insurance FAQs

1. What is passenger assist cover?

This cover offers the insured person assistance in case medical transport is needed, and an allowance to take care of hospital and medical expenses.

2. What are the documents required for renewal of my two-wheeler insurance?

You need your previous insurance copy and the registration certificate of the vehicle.

3. Will I get a discount on premium if I have an anti-theft device installed on my vehicle?

It is not common for anti-theft devices to be installed on two-wheelers. However, yes, Liberty General Insurance offers discounts for the installation of anti-theft devices.

4. What is a No Claim Bonus?

During the policy term, if you do not make any claims, you will be entitled to a No-Claim Bonus. This bonus is given in the form of a discount on premiums. So if you have not claimed insurance, then when you renew your policy, your premium amount will be lesser. NCB accumulated by one person cannot be transferred to another person.

5. What is depreciation cover?

This cover provides the insured with the benefit of full financial protection in case of replacement of parts without taking into consideration any deductions for depreciation of their value.

6. What is Insured Declared Value? Is it important?

The Insured Declared Value or IDV is basically the market value of your vehicle. When you purchase an insurance policy, the insurer will take into consideration the prevailing market value and then decide on the sum insured. IDV is important because if you choose a sum higher than the market value, you might end up paying higher premiums for no reason. If you choose a lower IDV, then your premiums come down but so will your insured amount.