Liberty Two Wheeler Insurance FAQs

Some of the factors that affect your insurance premium  are:

1. Age of the two-wheeler
2. The geographical zone that you are in
3. Engine’s Cubic Capacity
4. Insured Declared Value (IDV)

To check the list of network garages you can visit the company website. Go to garages and type the city you are in. A list of garages would appear.  To reach the page directly, just click: https://www.libertyinsurance.in/products/CPMigration/garagelocator.

Visit the company website, and go to “Locate a Branch”. Enter the name of your city and see the address. To go to the company page directly, click: https://www.libertyinsurance.in/products/CPMigration/branchlocator.

No claim bonus plays a significant role for you while applying for Liberty bike Insurance renewal as you might get discounts on renewal Premium ranging from 20% to 50% based on the bike type (sports bike, regular motorcycle, bullet bike etc.) and the number of years for which you have made no claim.

The Liberty General Insurance company, with its wide network of 5800+ Hospitals and 5500+ repairing workshops, has gained the trust of more than two crores of customers by shielding them against the financial and legal liabilities towards the third party. 

For Liberty two-wheeler insurance policy renewal, you are required to provide the following details:

• The existing policy number of the insured bike
• Your name (as on official documents)
• Phone number and e-mail id
• Insured bike registration number

You can find the Liberty bike insurance renewal’s due date in the policy documentation provided by the insurer. Also, you can contact the company and request the same.

There can only be two broad categories of reasons for declination of your bike insurance renewal by Liberty General Insurance. This is either related to your personal details or to your bike itself. Perhaps your personal information, such as your residence, age, the amount of excess you are willing to pay, and driving experience, has changed. Your vehicle can also be the reason for rejection as it is assigned some risks on the basis of its value, the speed it generates, and the chances of it being involved in an accident.

Below mentioned are some of the common justifications for the declination of your Liberty bike insurance policy renewal:

• You being associated with motoring offences in the past
• Imported model bike
• Theft or fraudulent prone area where you reside
• Driver is not so experienced
• Modified bike
• A combination of both

The Liberty two-wheeler insurance claim settlement ratio is 94% for the previous year.

Yes, only if you hold a comprehensive or own damage bike insurance from LGI.

In case of third-party loss, the claim amount is evaluated by the court of law. 

In the case of a stolen insured bike, a copy of the FIR and no-trace report from the police is compulsory.

One might get a discount of up to 50% based on the type of bike and years number for which no claim has been made.

Yes, the Liberty bike insurance policy documents contain the information related to the no claim bonus.

Following are the details provided in the Liberty General Insurance policy document:

• Policy Duration 
• Policy Type (Annual or Multi-year)
• IDV and Premium Amount
• Declarations
• Inclusions and Exclusions under the Policy
• Terms and Conditions of the Policy
• Endorsement Page

No, you can download the policy document of Liberty two-wheeler insurance as many times as you want.

Liberty bike policy downloading requires you to provide a registered mobile number and your policy number.

Driving without a policy document can make you pay a fine of INR2,000 and/or imprisonment of up to 3 months.

Anyone who recently bought a new bike and has a standalone or comprehensive two-wheeler insurance policy as his base policy should opt for zero depreciation. A person living in an accident or theft-prone area should also add this cover benefit to his base policy.

No, it's not required to buy a bundle package of add-on covers. If your requirement is something specific, you can request your insurer for the same.

Yes, if you want to add your family members to the policy, you can with pillion rider add-on cover.

While purchasing Liberty two-wheeler insurance add-ons, one should consider the following factors:

• Bike's age
• Bike's make, model and variant
• Area in which the policyholder lives
• Policy type

If you have bought a multi-year Liberty comprehensive two-wheeler insurance policy, there is no need to renew it every year. 

Zero depreciation, consumables cover, GAP value cover, roadside assistance cover, and engine safe cover are the five add-on covers you can purchase with your Liberty comprehensive two-wheeler insurance policy.

The cost of the Liberty comprehensive bike insurance policy can vary depending on the following factors:

• Insured Declared Value (IDV)
• Bike’s age
• Model variant
• Add-on covers you want to add
• Geographical zone

A total of 110 branches of Liberty General Insurance are available in India across 95 cities.

Yes, you can get Liberty comprehensive two-wheeler policy-related information and support directly on WhatsApp from their support teams. 

Financial cover of up to INR 15 lakh is provided under personal accident cover of Liberty General Insurance.

Yes, Insured Declared Value (IDV) is calculated while purchasing a third-party bike insurance policy.

With Liberty third-party two-wheeler insurance policy, no add-on covers are available from Liberty General Insurance.

Yes, Liberty General Insurance allows you to switch your insurer after the expiration of their policy period.

Liberty third-party two-wheeler policy does not provide any benefit to the insured. It only covers the legal liability towards the death or injury caused to the third-party or damage to their property on behalf of the insured person. However, own damage, loss, or theft of the insured vehicle is not covered.

The only conditions are that you can only opt for Liberty zero dep bike insurance policy along with a Liberty comprehensive insurance policy , and the second one is your bike age should be less than five years.

When you buy a Liberty add-on zero dep bike insurance policy, the amount of claims you can make per year is limited. If the number of claims exceeds, then the company will be entertaining the subsequent claims as per the policy, but the cost of depreciation in them will have to be borne by you

No, zero depreciation add-on is not a mandatory cover, but you should opt for this add-on cover so that you can avail yourself an additional coverage and benefits along with your standard bike insurance policy.

There is no fixed premium from the company side for the zero depreciation bike add-on cover as the premium amount depends on a number of factors such as the Insured Declared Value (IDV) of the vehicle, its model, age, place of registration, etc.

The Liberty zero dep bike insurance cover is best suited for new bike owners, inexperienced bike drivers, luxury and sportbike owners and owners who live in the accident-prone zones.

Liberty General Insurance in the previous year has successfully settled 94% of the claims.

Following are the details one would require to submit while furnishing a claim with Liberty General Insurance:

• Bike insurance policy number
• Policyholder name and contact details
• Place of accident (full address)
• Proof/Evidence of accident
• Address of vehicle for inspection
• Driver name at the time of the accident
• Description of the damage sustained by the bike
• An estimation of the loss

No, it is not mandatory to buy the Liberty General Insurance standalone two-wheeler insurance as per Indian traffic rule; however, every two-wheeler owner must have at least third-party bike insurance.

Yes, you can transfer your long term two wheeler insurance plan with another insurance company to Liberty General Insurance any time you like.

Yes, Liberty General Insurance, under its standalone two-wheeler insurance policy, covers the towing charges of up to INR 300 from the place of accident to the workshop.