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Liberty General Stand Alone Own Damage Bike insurance Policy
Liberty General Insurance is a private general insurance company and is headquartered in Mumbai, India. It commenced operations in 2013.
What is meant by Stand Alone Own Damage Bike Policy in Liberty General
Any damage to your bike is not only inconvenient but can be costly also. As a result, having insurance coverage that will cover the cost of such repairs is preferable.As a result, it is recommended to purchase SAOD two wheeler insurance that provides coverage against such occurrences.
Benefits of buying Liberty GeneralStand Alone Own Damage policy
How to purchase Liberty General Insurance Stand Alone Own Damage Policy
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Coverage of Liberty General Stand Alone Own Damage Policy
Exclusions under StandAlone Own Damage Policy in Liberty General
Frequently Asked Questions
1. What is a premium-bearing endorsement in Liberty?
An endorsement for which additional premiums are charged is referred to as a premium-bearing endorsement.
2. What are the types of two-wheeler insurance policy according to Motor Tariff Act?
There are three types of two-wheeler insurance policy comprehensive two-wheeler insurance, Third party two-wheeler insurance, and Stand-Alone own damage insurance.
3. I have transferred the ownership of my bike to another person. Can the two-wheeler insurance continue in my name?
No, the insurance policy and registration records ofthe two-wheeler should always be in the name of the same person. Otherwise, insurance company will not honor claims.
4. What are the documents required for the renewal of my bike insurance policy?
You need your previous insurance company’s copy and registration certificate of the bike.
5. What is depreciation covered in two-wheeler insurance?
Depreciation cover provides the insured with the benefit of full financial protection in case of replacement of parts without taking into consideration any deductions for depreciation for two-wheeler parts.