• Liberty Videocon Motor Insurance

    Commencing operations in the year 2013, Liberty Videocon General Insurance was formed following a joint venture between Boston’s Liberty Mutual Insurance Group and Indian-based company Videocon. Currently, the company has 58 offices spread across 18 cities in the country. Liberty Videocon Insurance offers its customers comprehensive insurance solutions in the retail, industrial and the commercial markets.

    Why Should You Buy Motor Insurance From Liberty Videocon Insurance

    Some of the benefits of holding a car insurance policy with Liberty Videocon Insurance are listed below.

    • Liberty Videocon allows you to buy and renew motor insurance online, in just a few simple steps.
    • 24x7 customer service facilities.
    • Customers subscribed to the Liberty Videocon car insurance can choose from more than 1,900 cashless garages to get their car serviced.
    • Customers can track their claim status online.
    • Liberty Videocon promises claim settlements within 7 working days.
    • Customers can transfer their no-claim bonus from any insurance provider.
    • For any query, grievance redressal or complaint regarding the claim, customers can contact the customer care service between 8am and 8pm everyday.

    Types Of Motor Insurance From Liberty Videocon

    Liberty Videocon offers the below listed insurance policies for motor vehicles.

    • Private car package insurance - A comprehensive insurance policy for four-wheelers, this insurance policy protects the car from theft, natural calamities, man-made disasters, riots, strikes, etc. In addition, this policy also offers protection from legal liability to a third party in an accident. The policy also offers personal accident coverage for the owner of the vehicle.
    • Two-wheeler insurance - Liberty Videocon offers two types of policies for two-wheelers - Two-wheeler Package Policy and the Multi-year two-wheeler package policy. Both policies includes own-damage cover and third-party liability insurance. In case you require additional protection, you can opt for various add-ons.
    • Commercial vehicle insurance - Specifically designed for commercial vehicles, such as buses, trucks, taxis, etc, the coverage offered by the insurance plan includes third-party liability and personal accident cover and coverage for the vehicle damage. With the help of this insurance, the commercial vehicle is protected from theft, fire, explosion, riots, earthquakes, floods, accidents, malicious activities, etc. Customers can also avail direct claim settlement facility at the listed Liberty Videocon network garages across India. To enhance one’s protection, commercial vehicle owners can also purchase the add-on covers.

    Liberty Videocon Third-Party Risk Policy - Inclusions

    If not for a comprehensive policy, customers can also choose to buy a minimal level of motor insurance for his/her car, as mandated by the Motor Vehicles Act, 1988 - the third-party liability insurance policy. This insurance scheme protects the policyholder from liability claims raised by a third party after an accident, which includes third-party injuries, disabilities, or death and coverage for third-party property damage. That said, the third-party risk policy offers no coverage for the vehicle or personal damage met to the insurance holder and it is advisable to hold a comprehensive motor policy instead to negate this factor.

    Liberty Videocon Comprehensive Motor Insurance Policy - Inclusions

    Liberty Videocon offers a comprehensive policy for private vehicles (four-wheelers and two-wheelers) and commercial vehicles.

    Liberty Videocon Two-Wheeler Package Policy- Inclusions:

    • Coverage for the damage of the vehicle following an accident.
    • Third-party liability coverage - including injury, death and coverage for the property of the third-party.
    • Personal accident cover for the insurance holder - including injury and death.
    • Loss of damage to the vehicle caused by fire, lightning, natural calamities (earthquakes, floods, cyclones, etc.), riots, strikes, theft, terrorism,etc.
    • Customers can also choose an extra cover to cover damages met to electrical and non-electrical parts, and personal accident cover to a passenger other that the driver.

    Liberty Videocon Private Car Package Policy - Inclusions:

    • Personal accident cover - in case of injury, loss of limbs, loss of eyesight, etc., following an accident.
    • Third-party liability coverage - including injury, death and coverage for the property of the third-party.
    • Reimbursements for damages met by the vehicle following an accident.
    • Reimbursement claim for damages caused either by fire, lightning, natural calamities (earthquakes, floods, cyclones, etc.), riots, strikes, theft, terrorism,etc.
    • The Liberty Videocon Private Car Package Policy also offers extra coverage to cover damages met to electrical and non-electrical parts, and personal accident cover to a passenger other that the driver.

    Liberty Videocon Commercial Vehicle Package Policy - Inclusions:

    • Protection for vehicles of different sizes and types.
    • Personal accident cover - in case of injury, loss of limbs, loss of eyesight, etc., following an accident.
    • Third-party liability coverage - including injury, death and coverage for the property of the third-party.
    • Reimbursements for damages met by the vehicle following an accident.
    • Reimbursement claim for damages caused either by fire, lightning, natural calamities (earthquakes, floods, cyclones, etc.), riots, strikes, theft, terrorism,etc.

    Liberty Videocon Comprehensive Motor Insurance Policy - Exclusions

    If injury, death, damage to the vehicle are met following an accident under the below listed circumstances, the insurer will not be able to avail any insurance coverage.

    • Driving under the influence of liquor/drugs.
    • Negligence leading to accidental losses.
    • Losses incurred while the vehicle was being driven by someone who is not named in the policy or isn’t the owner of the vehicle.
    • Driving without a valid license.
    • Using the vehicle beyond its limits.
    • Depreciation, wear and tear, etc.
    • Consequential losses to the vehicle.
    • Electrical or mechanical breakdown.
    • Losses from nuclear war, radiation/weapons.
    • Losses from war and other such related events.

    Liberty Videocon Motor Insurance FAQs:

    1. Apart from the inclusions in the policy, is there any other coverage?

    Yes, by pay over the premium rate, you can avail a few extra coverages, they are:

    • Coverage for electrical and electronic accessories
    • Personal accident cover for the passengers
    • Nil depreciation cover

    2. How can I purchase a policy?

    You can visit the website of Liberty Videocon, choose your policy and make the payment for it. The payment can be made either by debit cards, credit cards, cheque, or net banking.

    3. Can you name some of the add-on covers offered by Liberty Videocon Motor Insurance?

    To ensure complete protection for the insurance holder, Liberty Videocon Insurance has rolled out the below listed add-on covers:

    • Depreciation cover
    • Consumable cover
    • GAP value cover
    • Passenger assist cover
    • Roadside assistance cover

    4. Are there any advantages of buying an insurance policy online?

    Yes, the advantages are multifold:

    • Discounts on premiums
    • Reduced paperwork
    • Instant payments via netbanking, debit or credit card, etc.
    • High security during transactions
    • Regular reminders for renewals

    5. What is the validity for motor insurance policies?

    Most insurance policies are valid for just a year. In the case of two-wheeler insurance cover, customers can choose the multi-year policy - which is valid for 2-3 years - and is relatively cheaper. As of now, this options is not available for four-wheeler private and commercial vehicles.

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