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Need Insurance For Your Bike? Know Reasons To Choose Liberty General Insurance

Published On Oct 06, 2021

Purchasing insurance for your bike is not that difficult. Read this article to know the benefits of taking Liberty bike insurance.

Two-wheeler insurance, often known as bike insurance, protects you financially against any damages or losses caused by accidents, theft, or natural catastrophes. Two-wheeler insurance also covers the covered vehicle and its owner from third-party liability if it is involved in an accident that injures someone or damages another bike or the property of others.

Need Insurance For Your Bike? Know Reasons To Choose Liberty General Insurance

Benefits of Choosing Liberty General Bike Insurance

In India, two-wheeler owners must have insurance. Without motorbike insurance, you risk a hefty fine, up to 3 months in jail, or both. Even accidental third-party damages may be repaid.

Why is Liberty General Insurance Critical?

Liberty General Insurance is a large bike insurance company in the country, having paid more than 91 per cent of all two-wheeler claims in the previous fiscal year. Over 1200 committed workers in 110 sites throughout 29 states and 95 cities in India offer comprehensive and dedicated assistance to serve all of your insurance requirements. Liberty General Insurance continues to expand its reach and impact in India, with over 4,300 partner garages and 5000+ partner hospitals as part of an ever-growing network while providing solutions to consumers across a broad spectrum. Liberty General Insurance also provides health and personal accident insurance, bike insurance, employee compensation insurance, business insurance, marine insurance, fire insurance, and a variety of customizable insurance solutions.

You may like to read: Important Add-On Covers in Two-Wheeler Insurance Policy

All About Bike insurance Package Policy from Liberty General Insurance

The word "two-wheeler" in this Policy refers to any bike/scooter/autocycle or any other motorized two-wheeled vehicle specified in the Schedule.) Now This Policy Attests: That subject to the Terms, Exceptions, and Conditions stated herein, or supported or otherwise declared hereon.

Bike insurance policy features are split into three categories; let us go through each one-

  • Section I - Damage to Insured Bike

The business will reimburse the insured for loss or damage to the vehicle and its accessories-

1. Robbery, property crime, or larceny; riots or strikes are all examples of criminal activity.
2. Flooding, typhoons, cyclones, storm or hurricane inundation, cyclones, hailstorms, or frost are all examples of natural disasters.
3. It happened by coincidence.
4. Because of ill will.
5. When travelling by road, train, inland canal, lift elevator, or air, be sure to wear a seat belt.
6. It was a landslide.

  • Section II- Third-Party Liability

In the case of an accident caused by or arising out of the use of the covered vehicle, the firm will compensate the insured against any amounts which the insured will become legally obliged to pay in respect of-

However, save to the extent required by the Motor Vehicles Act, if such death or damage occurs out of and in the course of the insured's employment of such person, the business shall not be responsible.

Damage to property not owned by or entrusted to the insured. EXCEPTION: The company is not liable for any death, injury, or damage that happens outside of a highway or thoroughfare when loading or unloading goods.

Take Away

Your bike insurance protects you against third-party charges like property damage and medical bills. Bike insurance is also necessary to protect your vehicle. If your bike is destroyed without bike insurance, you are responsible for the repair expenses.

In the event of a third-untimely party's death, you will be liable for compensating the remaining family members if you do not carry motorcycle insurance.

Also Read:

How To Get the Details of Bike Insurance By Registration Number?

How To Get A Duplicate Copy of New India Bike Insurance Documents?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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