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Liberty Own Damage Bike Insurance
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Select your bike brand
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Liberty Standalone Own-Damage Two-Wheeler Insurance Policy
Liberty standalone own-damage two-wheeler insurance offers protection against own-damage costs in the event of a mishap. The cover also provides the insurance holder peace of mind in the midst of a crisis by providing this compensation. It is a worthwhile purchase to go along with your compulsory third party two-wheeler insurance. Moreover, the cover provides coverage in a wide array of situations including floods, cyclones, road accidents, damage during transit to name just a few.
Standalone Own-Damage Insurance V/S Third Party Insurance V/S Comprehensive Insurance
Basis | Liberty Third Party Two-Wheeler Insurance | Liberty Standalone Own-Damage Two-Wheeler Insurance | Liberty Comprehensive Two-Wheeler Insurance |
Coverage | Third party insurance for two-wheelers offered by Liberty will take care of only third party liabilities. This comprises bodily injuries, death and property damage. The compensation for property damage goes up to Rs 1 Lakh. | Standalone own-damage insurance for two-wheelers offered by Liberty takes care of own-damage costs in case of a mishap. This cover is not compulsory. Moreover, it offers NCB for every claim-free year. | Comprehensive insurance plans for two-wheelers offered by Liberty takes care of both own-damage costs and third party liabilities under a single premium. The plan also offers a personal accident cover at an additional cost. |
Add-ons | Liberty does not offer add-on covers with its third party insurance covers. | Liberty offers several add-on covers along with their standalone own-damage two-wheeler insurance policies. | Liberty offers many add-on covers along with its comprehensive two-wheeler insurance plans. |
Cost | Liberty’s third party two-wheeler insurance is the cheapest cover because of the basic coverage it provides. | Liberty’s standalone own-damage two-wheeler insurance is comparatively more expensive because of the enhanced coverage it provides for own-damage costs. | Liberty comprehensive two-wheeler insurance plans are the most expensive because they offer holistic insurance coverage under a single premium. |
What is Covered Under Liberty Standalone Own-Damage Two-Wheeler Insurance Policy?
The following are the aspects that are covered under Liberty standalone own-damage two-wheeler insurance:
- Road accidents that damage the two-wheeler in some way.
- An explosion or a fire that damages the two-wheeler.
- Cases of theft or total loss of the two-wheeler.
- Cases of damage caused to the two-wheeler because of a natural or man-made calamity.
What is Not Covered Under Liberty Standalone Own-Damage Two-Wheeler Insurance Policy?
The following are the aspects that are not covered under Liberty standalone own-damage two-wheeler insurance:
- A mechanical or electrical fault in the two-wheeler that causes a breakdown.
- A mishap that damages the two-wheeler but involves the misuse of the two-wheeler or illegal riding in any way.
- Natural wear and tear of the two-wheeler.
- Mishaps involving the two-wheeler that occur outside the geographical boundaries of India.
Benefits of Liberty Standalone Own-Damage Two-Wheeler Insurance Policy
Following are the benefits of purchasing standalone own-damage two-wheeler insurance from Liberty:
- Insurance holders are offered protection for own-damage costs of the two-wheeler in a variety of scenarios.
- Standalone own-damage covers for two-wheelers offers policyholders No Claim Bonus for every claim-free year.
- Standalone own-damage covers for two-wheelers also offers policyholders the option of purchasing add-on covers to further enhance their policy.
How To Purchase Liberty Standalone Own-Damage Two-Wheeler Insurance Policy?
Below-mentioned is the steps you need to take to purchase Liberty standalone own-damage two-wheeler insurance:
Step 1: Visit our website InsuranceDekho and select the ‘two-wheeler insurance’ tab from the top left side of the page. A drop-down menu will appear, select the ‘Standalone Own Damage’ option from the available choices.
Step 2: Enter your two-wheeler registration number. If you do not have this information for some reason, you can also enter the two-wheeler’s make, model and year of registration instead.
Step 3: Next provide your personal details and after you enter all the required information select ‘Submit and Get Quotes’.
Step 4: The quotes for all the standalone own-damage policies for two-wheelers from the different insurance providers will be visible on the screen. Select the offer by Liberty and choose any add-ons you would like to purchase for the policy as well.
Step 5: Pay for the selected Liberty standalone own-damage two-wheeler insurance and the insurance comment will be sent to your registered email ID.
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