Liberty Third Party Bike Insurance

Liberty third-party bike insurance allows policyholders to choose a personal cover anywhere between one year and five years. The personal accident cover assures a sum of INR 15 lakhs in case of road injury or accident.

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

The table below gives the difference between Liberty third-party bike insurance and comprehensive bike insurance:

What is Covered under Liberty Third-Party Bike Insurance Plan?

The Liberty Third-Party Bike Insurance covers the following:

• Third party property damage: This means that if the third party’s property suffers damage due to an accident with the policyholder’s bike, the third-party bike insurance will provide coverage.
• Bodily injury:
  • If the third party is injured by the policyholder’s bike, then claims arising out of injury, harm, and disability are covered under this policy.
  • Loss of life of the third party is also covered under this policy. The claim amount for both injuries and fatality is determined in court.
• Damage to the Insured:
  • Fatality – 100% compensation
  • Injuries
    • Loss of one limb – 50% compensation
    • Loss of one eye – 50% compensation
    • Loss of both limbs – 100% compensation
    • Loss of both eyes – 100% compensation
    • Total disability other than above – 100% compensation

What is Not Covered Under Liberty Third-Party Bike Insurance Plan? 

While Liberty third-party bike insurance covers various incidences, some things are not included under this two wheeler insurance online such as:

• Loss or damage due to overdose of alcohol while driving, and if found to be driving without a valid driving license
• Any significant loss apart from any damage due to lubricating oil leak to:
  • Gearbox
  • Engine parts
• Engine oil and other consumables during engine flushing
• Loss, damage, or corrosion due to untimely salvation or notification to the company when the bike is stranded in a water-logged or flooded area