Popular Yamaha Libero Bikes with Insurance Premium
Libero Bike Variants | Zero Dep Cover* (Add-on Cover) | Estimated Libero Insurance Price List* (1+5 Bundled Policy) |
Yamaha Libero G5 (106 cc) | ₹ 236 | ₹ 3,912 |
Yamaha Libero LX (106 cc) | ₹ 126 | ₹ 3,920 |
Yamaha Libero DLX (106 cc) | ₹ 126 | ₹ 3,920 |
*Disclaimer: The Yamaha Libero insurance prices shown in this table are for indicative purposes only. Actual premiums may vary based on factors like Insured Declared Value (IDV), city and year of registration, selected add-ons, and claims history.
Reasons to Buy Yamaha Libero Online from Policybazaar.com
Securing Yamaha Libero insurance online through Policybazaar.com comes with several benefits that make the process easy and cost-effective:
- You have access to a variety of insurance plans from trusted insurers, making it easier to choose one that suits your needs.
- Add-ons like zero depreciation cover or roadside assistance cover offer additional coverage and support for unexpected situations.
- Transparent premium details help you understand the pricing clearly, allowing you to pick a policy that fits your budget.
- Discounts available on the platform reduce overall costs, ensuring affordability without compromising coverage.
- The buying bike insurance online process is straightforward and efficient, letting you secure your policy quickly and with minimal effort.
- Claim settlements are handled promptly, whether for cashless repairs or reimbursements, ensuring you face minimal delays during settlements.
- Customer support is readily available at 1800-258-5970 to address any queries or provide assistance during purchase or renewal.
Coverage Under Yamaha Libero Insurance
- Inclusions
- Exclusions
The following are typically covered under a Yamaha Libero insurance policy:
- Damage to the bike caused by accidents.
- Loss or damage due to theft.
- Damage or total loss caused by natural calamities.
- Damage arising from riots, strikes, or vandalism.
- Fire or explosion-related damage.
- Loss or damage occurring during transportation.
- Personal accident cover for the owner-rider, offering financial protection in cases of injury, disability, or death.
- Third-party liability coverage for injuries or property damage caused to others in an accident.
The Yamaha Libero insurance policy generally does not cover:
- Regular wear and tear.
- Mechanical or electrical breakdowns, unless caused by an accident.
- Indirect or consequential losses.
- Riding under the influence of alcohol or drugs.
- Riding without valid documentation such as a driver's license, registration certificate, PUCC, or insurance policy.
- Damage due to war, nuclear incidents, or related events.
- Incidents that may occur outside the geographical limits mentioned in the policy.
- Loss or damage to tyres or tubes unless resulting from an accident.
*Disclaimer: Coverage details may vary depending on the insurer and the terms of your specific policy. Always review your policy document carefully to understand inclusions and exclusions.
Yamaha Libero Insurance Add-ons
To enhance your Yamaha Libero insurance policy, consider these additional coverages available online:
- Zero Depreciation Cover: This cover ensures you can claim the full cost of replacing damaged parts without deducting depreciation. It increases your claim amount and saves you from paying for wear and tear, making it especially useful for newer bikes.
- Consumables Cover: This cover includes the cost of items like engine oil, nuts, bolts, and lubricants that are often excluded in standard policies. It ensures you don't have to pay out of pocket for these necessary replacements after an accident.
- Pillion Rider Cover: This add-on provides financial protection for a pillion rider in case of injuries, disability, or death due to an accident. It ensures the person travelling with you is covered, offering extra security and peace of mind on the road.
- 24x7 Roadside Assistance Cover: This add-on offers immediate help if your bike breaks down due to flat tyres, battery failure, or fuel shortages. Services like towing, repairs, and fuel delivery are provided, ensuring you're not stranded during unexpected situations.
How to Buy/Renew Yamaha Libero Insurance Online?
Follow these simple steps on Policybazaar.com to buy a Yamaha Libero insurance policy or proceed with Yamaha Libero insurance renewal:
- Step 1: Visit the Policybazaar.com website.
- Step 2: From the homepage, choose 'Bike Insurance' under the 'Insurance Products' section.
- Step 3: Enter your Libero registration number and click 'View Prices.' If you don't have the registration number, click on 'Bought a New Bike' and input the bike's make, model, variant, and year of registration.
- Step 4: Browse and compare insurance plans offered by various insurers. Assess them based on coverage, features, and premium costs to find the most appropriate plan.
- Step 5: Add any optional covers, like Zero Depreciation cover or Roadside Assistance cover, for enhanced protection.
- Step 6: Provide your details, including your name, contact number, and address.
- Step 7: Make the payment using your preferred method—credit/debit card, net banking, or UPI. Once done, your policy document will be sent to your registered email address.
How to File Yamaha Libero Insurance Claim?
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Cashless Claim Process
Here's what you need to do for a cashless claim:
- Step 1: If your Yamaha Libero is damaged in a road accident, notify your insurance provider immediately to start the claims process.
- Step 2: A surveyor will be assigned by the insurer to inspect the damage and approve the necessary repairs.
- Step 3: After assessing the claim amount, you will be instructed to take your damaged Yamaha Libero to a network garage authorised by the insurer.
- Step 4: Once the repairs are authorised, the garage will proceed with the work, and the insurer will directly pay the garage for the approved amount.
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Reimbursement Claim Process
These steps will help you through a reimbursement claim:
- Step 1: Inform your insurer about the incident promptly to initiate the reimbursement process.
- Step 2: The insurer will assign a surveyor to assess the damage to your Yamaha Libero.
- Step 3: The surveyor will prepare a detailed assessment report, which is typically completed within 48 hours.
- Step 4: Submit the completed claim form along with necessary documents, such as repair bills and receipts, to the insurer.
- Step 5: Once your claim is approved, you can have the bike repaired at any local garage, paying the costs upfront.
- Step 6: The insurer will reimburse the approved claim amount directly to your registered bank account.
Documents Required for Yamaha Libero Insurance Claim
If you have filed a Yamaha Libero insurance claim, the following documents must be submitted to your insurance provider:
- A properly filled and signed claim form.
- Copy of the Registration Certificate (RC).
- Copy of your driving license.
- KYC documents (mandatory if the damage exceeds ₹1 lakh).
- Original repair bills and receipts (for reimbursement claims).
- FIR copy (required in cases of fire, death, property damage, or third-party injuries).
- Bills related to any repairs done for the bike.
Additional Documents Required for Yamaha Libero Insurance Claims
- Non-traceable report in case of theft.
- FIR report for theft, fire, or third-party damages.
- Original Registration Certificate (RC).
- Keys and the bike's purchase invoice.
- Letter of subrogation for the claim process.
- No Objection Certificate (NOC) from the financer if the bike is financed.
- RTO letter declaring the Yamaha Libero as 'No Use'.
- Original Yamaha Libero insurance policy documents.
Yamaha Libero Insurance FAQs
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Q. What is the process for Yamaha Libero insurance renewal?
Ans: You can renew your Yamaha Libero insurance on Policybazaar.com. On the website, enter your policy details, choose any desired add-ons, and proceed with the payment. Your renewed policy will be sent directly to your registered email address. -
Q. What should I do if I misplace my Yamaha Libero insurance policy document?
Ans: You can request a duplicate policy from your insurer or download a digital copy from their online portal. -
Q. What is the role of IDV (Insured Declared Value) in Yamaha Libero insurance?
Ans: IDV represents the bike’s current market value and determines the maximum claim amount in case of total loss or theft. -
Q. How can I check the status of my Yamaha Libero insurance policy?
Ans: You can check the policy status on your insurer’s website or app by logging into your account with your registered details. -
Q. What is the advantage of opting for a cashless claim process?
Ans: In a cashless claim, the insurer directly pays the network garage for repairs, saving you from paying upfront expenses.