Liberty Own-Damage Bike Insurance Policy

The Liberty own-damage bike insurance policy, also known as standalone own-damage bike insurance, offers financial protection to the insured bike in case of mishaps. This policy compensates for any loss or damage caused to your vehicle due to accidents, theft, man-made disasters, or natural calamities. Keep reading to learn more about Liberty own-damage bike insurance policy.

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Liberty Own-Damage Bike Insurance Policy – Key Features

The key features of Liberty own-damage bike insurance policy are tabulated below:

Categories Key Features
Policy Coverage
  • Covers the loss arising due to bike theft.
  • Financial support for damages or losses caused by man-made disasters such as war, vandalism, etc.
  • Compensation for damages or losses resulting from accidents.
  • Financial protection against losses due to natural disasters like landslides, hurricanes, etc. 
Policy Premium
  • Affordable premium prices.
  • Additional add-ons or riders are available at an extra cost to enhance the basic coverage.
  • Mandatory Personal Accident (PA) cover is available for the owner of the vehicle at an additional cost
Convenience
  • Instant policy issuance without involving any paperwork.Flawless claim process supported by various network garages.
  • Easy options for purchasing and renewing your policy online.

*Disclaimer: The above-highlighted information in the table is for reference purposes. Kindly refer to the policy wordings for the exact coverage. 

Why Choose Liberty Own-Damage Bike Insurance?

The own-damage bike insurance covers the cost of repairing or replacing your bike if it gets damaged. This could be due to accidents, theft, natural disasters like floods or earthquakes, man-made disasters like fire, civil disorder, etc. It only covers damage to your own vehicle. For complete protection, pairing this policy with mandatory third-party bike insurance is highly recommended.

The reasons that make Liberty own-damage bike insurance policy a must-buy involves the following:

  • Cashless Claim Facility: You can get your bike repaired at any of the network garages of the insurer without the hassle of upfront payments.
  • 24*7 Customer Support: Liberty General Insurance Limited provides round-the-clock assistance for any bike insurance policy related queries or emergencies.
  • Roadside Assistance: In the event of an accident, the insurer provides roadside assistance and any other related support you may need.

Inclusions of Liberty Own-Damage Bike Insurance

The inclusions of the Liberty own damage bike insurance cover are listed below:

  • Costs for repairing or replacing the bike if it's damaged in an accident.
  • Compensation if the bike is stolen.
  • Coverage for loss or damages caused by events like floods, earthquakes, storms, or lightning.
  • Protection against damages from events such as fire, riots, or vandalism.
  • Coverage for damages due to fire, explosion, or self-ignition.
  • Protection against loss or damages sustained while your bike is transported by road, rail, air, or water.

Exclusions of Liberty Own-Damage Bike Insurance

The certain exclusions where the insurance company does not provide coverage are as follows:

  • The policy does not cover the depreciation of the bike's value over time.
  • Mechanical or electrical breakdowns are not covered.
  • Damages or losses arising to the third-party by an insured two-wheeler in a road accident. 
  • Damages caused while riding under the influence of alcohol or drugs are excluded.
  • Damages occurring when the bike is used for purposes other than what is stated in the policy. 
  • Any damage or loss that does not comply with the terms and conditions of the policy.

How to Buy Liberty Own-Damage Bike Insurance Online?

Follow the steps below to buy Liberty two-wheeler insurance online:

Step 1: Go to Policybazaar.com and select the 'Insurance Products' option from the top menu.

Step 2: Choose 'Own-Damage Bike Insurance' from the list of options.

Step 3: After entering the bike details accurately, tap on the 'View Prices' button.

Step 4: Select Liberty own-damage bike insurance and fill in the requested details. 

Step 5: Finally, make the premium payment online to receive the policy document on your registered email ID. 

How to Raise Liberty Own-Damage Bike Insurance Claims?

To raise Liberty own-damage bike insurance claim, follow the steps mentioned below:

Step 1: Reach out to your insurance company by email or phone to report the incident.

Step 2: Go to the insurer's website, download the claim form, fill it out correctly, sign it, and gather all required documents.

Step 3: Send the filled-out claim form and the necessary documents to your insurance company.

Step 4: After receiving your claim request, the insurer will assign a surveyor to inspect the damage to your two-wheeler.

Step 5: The surveyor will provide the insurance company with a detailed report, based on which the company will accept or reject the claim.

Step 6: If your claim request is approved, you can get your motorbike repaired without paying upfront at any of the network garages. If you choose a non-approved garage, you will have to pay first and then submit the bills to the insurer for reimbursement.

Documents Required for Liberty Own-Damage Bike Insurance Claim

You need the following documents to file the Liberty own-damage two wheeler insurance claim: 

  • FIR copy (if applicable)
  • Own-damage bike insurance policy 
  • Rider's Driving Licence in case of an accident
  • Bike's Registration Certificate or RC
  • Accurately filled and signed claim form
  • Additional documents, if required by the insurance provider

FAQs About Liberty Own-Damage Bike Insurance Policy

  • Q1. What does Liberty own-damage bike insurance cover?

    Ans:The Liberty own-damage two wheeler insurance covers damage to your bike from accidents, theft, fire, natural and man-made disasters.
  • Q2. Do I need RC for raising an own-damage bike insurance claim?

    Ans:Yes, you need the RC (Registration Certificate) to make an own-damage bike insurance claim.
  • Q3. Is Liberty's own damage bike insurance affordable?

    Ans: Yes, it's affordable, and the price depends on factors like IDV, make, model and variant, registration year, etc.
  • Q4. When does own-damage bike insurance expire?

    Ans: The expiry date of an own-damage bike insurance policy is generally 1 year.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 33 Reviews)

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Liberty Own-Damage Bike Insurance Policy Reviews & Ratings

4.7 / 5 (Based on 33 Reviews)
(Showing Newest 10 reviews)
Prakhar
Vadodara, August 18, 2021
Instant updates
I bought Liberty Two wheeler insurance policy from policy bazaar.i liked this policy for their features and benefits.company giving the cashless claim at more than 600 network garages and hassle free documentation. they keep on giving prompt update to their customers that is why i chose it.
Anurag
Rajendra Nagar, June 04, 2021
Easy to renew
I recently renewed my two wheeler insurance policy from the website of the policybazaar. It was the plan of liberty two wheeler insurance and I really like it and thats why I want to renew and continue with it.
Neeraj
Pune, June 04, 2021
Discounts available
It is one of the easiest way to buy a liberty two wheeler insurance plan online. I had bought the plan online from policybazaar and even got a huge discount. It was quick and hassle free.
Subhash
Partapgarh, June 04, 2021
Bought plan of my choice
I had bought the liberty two wheeler insurance plan of my choice and I really love it. I had checked various plans into the website of policybazaar and found the suitable one. Thank you team.
Anmol
Jabalpur, February 10, 2021
Multiple Plans
I have been using Policybazaar for a couple of years to insurance my Bajaj Pulsar bike. They offer multiple policies with lower premiums. I have been renewing my Liberty two wheeler insurance policy every year at Policybazaar and I am satisfied with their services. I will again renew my policy with them and advise you too.
Gautam
Idar, February 10, 2021
Low Premiums
I purchased a new Honda Splendor bike last month and was looking to buy insurance policy for my bike. I decide to check Policybazaar on my friend’s idea. They had so many affordable insurance plans with a variety of coverage. I bought my Liberty two wheeler insurance policy for an affordable premium online. I recommend it to everybody.
Balendra
Padampur, February 10, 2021
Best Buy
I recently purchased my Liberty two wheeler insurance policy for my Honda Activa scooty from Policybazaar. They had a lot of insurance options and I chose this plan because it was affordable and had my choice of coverage. I bought the policy within a few minutes. The website is great to buy the best insurance policy.
Kavi
K.singpur, July 06, 2020
Benefits
I got great number of benefits from policybazaar after getting my bike insurance done. It was really an awesome thing.
Shahid
Vadali, July 03, 2020
Customer service
The customer service team is very nice and generous. They understood the need of my type of insurance and shared the same with me.
Jagriti
S.c. Pur, July 02, 2020
Great comparison
Before buying the insurance I compared it with different sites. I searched a lot and I found that I can get the best premium policy from policybazaar only.

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis