Liberty Third Party Bike Insurance

Liberty General Insurance has been successfully shielding the public from the unforeseen events of life over time. It provides protection against the legal and financial liabilities to the third party. This also helps the policyholders to fulfil the statutory requirements as per the law.

Liberty General Insurance has tried to enhance the experience of the policyholders by digitalizing the process. Liberty third party bike insurance policy provides basic coverage at an affordable cost.

Liberty Third Party Bike Insurance vs Comprehensive Bike Insurance

The coverages provided by Liberty third party bike insurance policy are described below.

1. Financial Liabilities: A third party insurance policy provides coverage for any property damage of the third party that may arise during an accident involving the insured two-wheeler. A compensation for the third party property damages for upto Rs. 1 Lakh shall be provided under such circumstances
2. Legal Assistance: A third party insurance policy comes in handy in case of third party liabilities such as bodily injuries, disability or demise of the third party in case of an accident or an unforeseen event involving the insured vehicle. In such cases the compensation shall be fixed by the court of law.

Helps to Comply with Legal Provisions: One of the main reasons why a third party insurance policy is purchased is because of the legal provisions. A third party insurance policy is compulsory while driving a two-wheeler in India as per the Motor Vehicles Act. A third party liability insurance policy helps a policyholder to comply with legal provisions.

What All Is Not Covered Under Liberty Third Party Bike Insurance Plan?

The third party insurance cover offers limited insurance coverage which every policyholder needs to be aware of. Here are the points which are not covered under the third party bike insurance policy:

• Damages sustained by the insured two-wheeler shall not be covered under a third party insurance policy
• Compensation for the bodily injuries suffered by the policyholder during an accident or an unforeseen event will not be provided to under a third party insurance policy
• Driving the insured two-wheeler under the influence of alcohol/drugs/other intoxicants is not covered
• Driving the insured two-wheeler without a valid license is not covered.

Key Benefits of Purchasing Liberty Third Party Bike Insurance

A two wheeler insurance policy is mandatory in India because it provides limited coverage by covering third party liabilities but below mentioned reasons can justify why third party insurance policies are very beneficial in times of crisis:

1. Legal and Monetary Assistance: Prime advantage of purchasing a third party insurance policy is that this type of two-wheeler insurance policy provides protection from the third parties liabilities such as injuries, disability, any kind of property damage or demise of the third party which may occur during an unforeseen event. Legal and monetary assistance is provided to the policyholder in case any of the mentioned situations occur. The third-party insurance policy provides restricted coverage but it's very beneficial for a person who drives their two-wheeler on a regular basis.
2. Sense of Security: Although a third party policy does not cover its own damages it does provide monetary and legal assistance for the third party liabilities that may occur during an unforeseen event. Since it is a mandatory insurance cover for every two-wheeler owner/driver one has to have this policy while driving a two-wheeler in India. Once you have purchased a two-wheeler third party insurance policy you can drive your two-wheeler legally as per the Motor Vehicles Act.
3. Affordable Coverage: Two-wheeler third party insurance policy is the most basic coverage policy for a two-wheeler. Due to the nature of coverage of a third party insurance policy the premiums for the policy are quite affordable. Hence, third party insurance policies are very affordable.