Liberty General Insurance Company aims to offer its clients complete personal, commercial and industrial insurance solutions. It operates through 110 offices in 95 cities across 29 Indian states partnering with more than 4,000 vehicle repair shops and more than 5,000 hospitals to provide customers with better services. Some of the benefits of having car insurance with Liberty General Insurance are listed below:
- Exceptional customer service that provides convenient pre-sales and after-sales services.
- Claims handled and closed smoothly within seven business days, subject to successful documentation and investigation.
- Lucrative add-ons for your car at a competitive price.
- Easy transferability offers flexibility.
- Cashless claims are available at more than 1900 network garages.
- 24-hour customer service facilities
- You can track your car insurance claim status online.
Types of Liberty Car Insurance Policies
Listed below are the main types of car insurance policies provided by Liberty General Insurance:
Third-party Liability
Third party car insurance covers loss or damage to the property or life of third parties in the event of an accident.
Comprehensive Car Insurance
Comprehensive insurance provides extensive coverage that protects against damage to the property or life of a third party or an insured due to theft or accident. This company offers three types of multi-risk car insurance:
- Private Long-term Care Insurance - This is all-risk insurance for classic passenger vehicles with liability and an all-risk cover.
- Car Insurance Bundling (Grouping) Policy (SandBox) – This is based on the pay-as-you-go method, where you only pay for the distance driven with a voluntary deductible, comprehensive car insurance, and roadside assistance. This car insurance policy is only available when purchasing directly from the company's website.
- Standalone Own damage Car Insurance Policy – Standalone own damage car insurance covers damages to your car if you have valid liability insurance and not otherwise.
About Liberty General Private Car Package Policy
Liberty General car insurance policy provides complete coverage for your vehicle and against civil liability. It also insures your car against loss or damage caused by the covered hazards.
Its main features are:
- Coverage for car loss or damage
- Ability to transfer existing NCB benefits
- Accident insurance for owners and drivers
- Efficient assistance in case of damage
- Advantages of the no-claim bonus
- Benefit from rapid claims settlement
- Liability insurance coverage
- Enhanced coverage with car insurance add-ons
- Cashless service at over 1,900 network locations
Benefits of Liberty General Private Car Package Policy
Here are some of the benefits of Liberty General private car package policy:
Personal Damage Coverage
The loss or deterioration of the insured vehicle and/or its accessories is insured against risks such as fire, explosions, floods, spontaneous combustion or lightning, malicious acts, break-in, burglary or theft, earthquake, accidental external causes, terrorist activities, typhoon and hurricane, transport by road, rail, barge, elevator, elevator or plane, landslide or rockslide.
Liability Insurance Coverage
This coverage assists in case of death or injury to other people due to an accident involving the insured four-wheeler.
Personal Accident Insurance for Owners-Drivers
Compensation is provided to the owner or the insured for death and disability (body injury) depending on the damage suffered within six calendar months. This includes:
- Up to 100% for death and loss of sight of two eyes/two limbs/one limb and sight of one eye.
- Up to 50% for loss of sight of one eye or loss of one limb.
- Up to 100% for permanent total disability by injuries other than those specified.
- A maximum of INR 15 lakh is payable under this insurance cover.
Read more - Is Personal Accident Cover for Car Owners Mandatory?
No-claim Bonus (NCB)
NCB of 20%, 25%, 35%, 45%, and 50% applies in the event of a claim-free insurance year. NCB in car insurance varies based on the type of car and the number of claim-free years.
Read more - How to Calculate NCB for Car Insurance
High Claim Settlement Rate
Liberty General Insurance has a high claim settlement ratio of 87.48% (fiscal 2020-2021). With a dedicated staff of claims specialists, this company enables you to have a seamless car insurance claims process in just a few simple steps.
Additional Coverage
It's hard to get the comprehensive protection you need for your car with standard car insurance. When you take out the private car package policy, you can customise it to suit your individual needs and add your favourite car insurance add-ons. Check out nine different Liberty car insurance add-on covers -
- Depreciation coverage
- Consumable coverage
- GAP value coverage
- Roadside assistance coverage
- Passenger assistance coverage
- Cover for lost keys
- Engine protection cover
- Loss of personal things
- Daily allowance
Convenient Cashless Set-up
This allows you to have your car repaired free of charge in one of the car insurance company networks. It's quick and easy since the insurance company assesses and pays for the repairs directly.
Inclusions
- Liability Insurance – Covers injury, death and property damage of the third-party property.
- Accident Insurance – Covers injuries, loss of limb, loss of sight, etc., after an accident.
- Compensation in case of damages to the car caused by an accident.
- Claim for damages caused either by fire, lightning, natural disasters (earthquakes, floods, hurricanes, etc.), riots, strikes, thefts, terrorism, etc.
- Coverage for damage to electrical and non-electrical parts and injury insurance for any passenger other than the driver.
Exclusions
Here are the conditions not covered under this policy:
- If the accident takes place outside the geographical area and if the car is used within the stated “use restrictions”, it won't be covered.
- Claims of contractual liability.
- Mechanical failure or substantial damage.
- Damping or wear and tear.
- Drunk driving.
- Losses/damages due to war/mutiny/nuclear risks, etc.
Conclusion
Liberty General Insurance is a respected and trusted brand that provides extensive insurance coverages specifically designed to meet the needs of the people. The Liberty General private car package policy is specifically curated for car owners providing them with maximum features and benefits.
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