Two - wheeler insurance - Insurance policy
Two-wheelers Insurance Policy Overview
Two wheeler insurance is a motor policy in which an insurer will pay for loss or damage to the insured automobile and protects him/her from financial losses incurred by third party liability. Third-party insurance is a compulsory requirement in most countries (including India) to ride two-wheeler on public roads.
Two-Wheeler Insurance Policies Type
1 Third-Party Insurance (Mandatory)
Legally, as per the provisions of the Motor Vehicles Act (India).
Doesn’t cover damage to or theft of your own vehicle.
Protects damages to others that has been resulted from an accident with your two wheeler ( car, vehicle, property and individuals ).libertyinsurance.in
2 Comprehensive Insurance
Can be customized with add-ons.
Offers wider protection.
Third-party (liability) + own-damage (accidents, fire, theft, natural disasters, etc.）
3 Own-Damage (Standalone) Insurance
only if you already have third party cover.
Only coverage for damage to your vehicle, not others.
Coverage Inclusions
Accidental damage
Fire or explosion
Natural disasters (flood, cyclone, earthquake)
Theft
Vandalism or riots
Third-party bodily injury/death/property damage
Coverage Exclusions
Riding without a valid license
Riding under the influence (alcohol/drugs)
Electrical/mechanical breakdowns
Normal wear and tear
Employing vehicle for racing or committing illegal activities
Driving Out of Territory covered by Your policy 1.
Add-On Covers (Optional)
Zero Depreciation Cover
Roadside Assistance
Engine Protection Cover
Return to Invoice
Personal Accident -Pillion Rider
No Claim Bonus (NCB) Protection
Policy Tenure
Annual Policy: Renewed every year
2-3 Year Policy: (Not available in some areas)
Renewal & Claims
If you forget to renew your insurance policy, and it lapses/expires, you cannot claim NCB for the same.
Claims settlement can be cashless (at our vast network of garages) or reimbursement.
Always lodge a FIR in case of theft or major accidents.
Required Documents to BUY or RENEW
Vehicle registration certificate (RC)
Previous insurance policy (if any)
Driving license
Passport-sized photo
KYC (proof of ID and proof of address) documents
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