Liberty Standalone Own Damage Car Insurance

With Liberty Standalone own damage car insurance, you can get compensated if your car meets with an unforeseen incident such as an accident, fire, burglary, or calamities. Any car owner who has third-party car insurance and wants to increase the coverage to own damages can purchase this policy from Liberty General Insurance Company.

Categories	Key Features
Own Damage Cover	Yes
Mandatory	No
No Claim Bonus	Yes
Add-on Covers	Offered
Zero Depreciation cover	Yes
PA Cover	Upto Rs. 15 Lakh

Coverage Under Liberty Standalone Own Damage Car Insurance

Inclusions
Exclusions

Any damage sustained by the insured car due to natural disasters such as typhoons, cyclones, earthquakes, floods etc.
Damages sustained by the insured car due to strikes, riots or any other manmade acts
Losses arising out of theft, burglary or housebreaking are also covered
Losses sustained by the insured car due to fire, explosion or self-ignition are also covered
Any damage sustained by the insured car while it was in transit via rail, road, water or air

Depreciation, wear and tear, sustained by the insured car
Mechanical or electrical failure or breakages are not covered
Any accidental damage sustained by the insured car when the driver was under the influence of alcohol or drugs
Any damage incurred by the insured car outside the geographical area as mentioned in the policy
Damages arising out of civil or nuclear war, invasion, warlike operations
Damage sustained by the insured vehicle when the driver was not carrying a valid driving license.

Add-ons Under Liberty Standalone Own Damage Car Insurance

A policyholder can also increase the coverage offered by an own damage cover by purchasing additional covers offered with the policy. Here are the add-ons offered under Liberty OD car insurance:

Depreciation Cover
Consumables Cover
Gap Value Cover
Roadside Assistance Cover
Passenger Assistance Cover
Key Loss Cover
Engine Protect Cover

How to Buy Liberty Standalone Own Damage Car Insurance Policy?

Purchasing Liberty OD car insurance online is not a tough task. At Policybazaar we offer a seamless and fast purchasing experience to car owners. Below we have mentioned easy steps to buy Liberty OD cover from Policybazaar.com:

From the homepage of our official website, select the “Car Insurance” option
On the form given on the next page, mention your car number and proceed
Now select your car’s RTO, make, model, variant and registration year from the next few tables
Fill in the proposal form and view car insurance price
Now from the given car insurance plans, choose and select Liberty own damage car insurance plan
From the “Add-ons and Accessories” table, select the add-ons you want to include in your plan
Check and pay the premium amount via desired payment mode
Once the premium is successfully paid, the car insurance policy documents will be mailed to your email id.

Documents Required to Raise Liberty Standalone Own Damage Claim

To raise a Liberty car insurance claim under your own damages policy, you will need the following documents:

Proof of insurance such as a policy copy
Copy of vehicle's registration certificate
Copy of motor driving license
Police FIR
Estimates of repair
Repair bills and payment receipts

FAQs

Q1. Who should buy a Liberty OD cover?

Ans: A Liberty own damage car insurance cover can be purchased by policyholders who own a third-party car insurance policy and wish to also increase coverage to damages sustained by their own car. This plan can be purchased as a standalone cover alongside a third-party cover.
Q2. How is SOAD different from comprehensive car insurance?

Ans: The main point of difference between an own damage cover and comprehensive car insurance is the coverage and premium they carry. An own damage car insurance only covers the insured car from unforeseen road incidents. On the other hand, comprehensive car insurance covers both own damages sustained by the car and third-party liabilities as well.

Moreover, due to the scope of coverage offered, the premium of an OD cover is comparatively less than that of a comprehensive car insurance policy.
Q3. How can I calculate own damage premium?

Ans: You can calculate own damage premium before purchasing a policy by using a car insurance premium calculator. This tool lets you calculate premium based on your car’s model, variant, registration year and other vehicle details.
Q4. Is NCB offered with a Liberty own damage plan?

Ans: Yes. Liberty General Insurance Company offers a No Claim Bonus reward under its OD cover. This NCB discount can be used to receive a discount on policy renewal premium. However, it gets nullified in the event of a car insurance claim.