In the fast-paced world of Smart Finance Saga, ensuring your financial safety on the road is paramount. Car insurance from Liberty General Insurance (LGI) not only offers basic protection but goes beyond, providing a shield against unforeseen circumstances. Let’s delve into the key aspects that make Liberty General the ideal choice for safeguarding your journey.
Why Choose Liberty General?
1. Comprehensive Protection:
- Coverage for damages to your insured vehicle.
- Adherence to third-party liability laws.
2. Hassle-Free Claims:
- Access to inspection and cashless claim services at over 4300 network garages.
- Seamless claim assistance available 24/7 for quick settlements.
3. Easy Policy Renewal:
- Renew your existing policy from any provider, retaining your current no-claim bonus.
4. Additional Protection:
- Choose from a range of supplementary covers for enhanced convenience.
5. Efficient Telephonic Services:
- Get effective claims support and assistance from 8:00 AM to 8:00 PM, seven days a week.
Why Should You Opt for Car Insurance?
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1. Mandatory Compliance:
- Fulfill the legal obligation; driving without third-party insurance is a punishable offense as per the Motor Vehicles Act, 1988.
2. Financial Safeguard:
- Cover damages, from minor scratches to significant repairs, reducing out-of-pocket expenses.
3. Family Protection:
- Ensure your family’s financial security by opting for an owner-driver cover in case of accidents leading to disability or death.
Types of Car Insurance Covers
At Liberty General Insurance, choose from two main policy options, conveniently available online:
1. Liability Only Policy:
- Statutory requirement in India, covering damages or theft caused by a third party.
2. Stand-Alone Own Damage (SOD) Policy:
- Covers damages to your vehicle not caused by a third party, such as incidents when your car is parked.
3. Comprehensive Policy:
- A bundled offering (Liability Only Policy + OD or Own Damage Cover) extending protection to your vehicle.
- Customize coverage based on your vehicle’s age. Check with your provider for specific details.
What's Included in Your 4-Wheeler Insurance?
Your Liberty General car insurance policy includes coverage for:
1. Accidental External Impact:
- Damage resulting from accidents due to external impacts.
2. Natural Calamities:
- Protection against damage caused by earthquakes, floods, storms, landslides, or rockslides.
3. Theft Protection:
- Loss due to vehicle burglary or housebreaking.
4. Fire and Explosions:
- Irreparable damage caused by fire, explosion, self-ignition, or lightning.
5. Malicious Intent:
- Coverage for damage due to malicious intent, including riots, strikes, or acts of terrorism.
6. Transit Accidents:
- Accidents while the vehicle is in transit by road, rail, inland waterway, or on a lift.
Understanding these inclusions and exclusions ensures you make informed decisions about your car insurance coverage.
Exclusions in Your Car Insurance Policy:
1. Everyday Wear and Tear:
- Excludes damage resulting from daily commuting wear, mechanical breakdown, or electrical failure.
2. Irresponsible Driving:
- Damage caused by individuals driving with an invalid license or under the influence of alcohol or drugs.
3. Depreciation-Related Loss:
- Loss consequential to the natural depreciation of your car’s value over time.
4. Contractual Liability:
- Claims arising from contractual obligations are not covered.
5. Non-Standard Loss Events:
- Loss or damage due to war, civil war, mutiny, nuclear perils, etc.
6. Excluded Tire and Tube Damage:
- Damage to tires and tubes unless occurring during an accident.
7. Inappropriate Use:
- Driving under conditions beyond ‘limitations of use,’ such as using a private car as a cab.
8. International Loss/ Damage:
- Loss or damage outside the borders of India.
Whether you’re purchasing car insurance online or offline, understanding these exclusions is crucial.
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