Liberty Comprehensive Bike Insurance

Liberty comprehensive bike insurance policy covers the damages for both the third party and the policyholder. Third-party bike insurance is important because it is mandatory in India. Not having third-party coverage can lead to loss of money through fines, imprisonment, or settlement to the affected party. Apart from the third party liability cover, it provides coverage for damages caused to the insured vehicle.

Liberty Comprehensive Two-wheeler Insurance vs. Third Party Two-Wheeler Insurance

It is important to note why one may choose comprehensive bike insurance, especially when third-party insurance is only mandatory. The differences between comprehensive bike insurance and third-party bike insurance are given in the table below:

Liberty Comprehensive Bike Insurance Benefits

The Liberty comprehensive bike insurance provides many benefits. They are:

• Time-Saving: You can save time with roadside assistance and online claim process
• Security: You get peace of mind with this bike insurance, knowing that you are covered for road emergencies
• Multiple add-ons: There are many add-ons possible with comprehensive insurance that enhance the protection

What is covered under Liberty Comprehensive Bike Insurance Plan?

Liberty comprehensive bike insurance policy comes with various features. For example, on every renewal, there are possible discounts. Additionally, Liberty comprehensive bike insurance policy provides roadside assistance cover.

Liberty comprehensive bike insurance policy covers the following:

• Damage or loss of insured bike due to the following reasons:
  • Fire
  • Theft or burglary
  • Civil commotion
  • Natural disasters like earthquakes, landslides, and floods
  • Accidents
  • Intentional damage
  • Terrorism
  • Transit
• Inclusions for third-party:
  • Death of a third party, which includes people in the other vehicle.
  • Damage to the bike of third-party
• Inclusions for first-party:
  • Personal accident cover provides protection to the owner/driver:
    • 100% compensated for the death
    • 100% compensated for the loss of both limbs
    • 100% compensated for the loss of both eyes
    • 50% compensated for the loss of one limb
    • 50% compensated for the loss of one eye
    • 100% compensated for any permanent and total disability
  • Covers the damages to the owner’s bike

What is not covered under Liberty Comprehensive Bike Insurance?

While all the points given above are under the coverage of Liberty comprehensive bike insurance, there are specific exclusions too:

• Any loss covered by external parties, such as:
  • Manufacturer
  • Other insurance providers
• Substantial loss apart from damage to internal engine parts due to leakage of lubricating oil
• Substantial loss apart from damage to gearbox due to leakage of lubricating oil.
• Engine oil and other consumables required to flush an engine
• Unruly maintenance or service on policyholder’s part
• Delay in notification to the provider that bike is in a water-logged area, which then leads to corrosion