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Liberty Own Damage Car Insurance
A standalone own-damage cover helps pay for damage to your own car if something bad happens. It is one of the three car insurance options offered by Liberty General Insurance. This cover protects your car in many situations, such as road accidents, theft, floods, storms, fires, explosions, or if someone damages your car on purpose.
This type of insurance gives you financial help when you really need it. That is why it is a good idea to buy a standalone own-damage cover along with the compulsory third-party insurance.
Standalone Own-Damage Insurance V/S Third Party Insurance V/S Comprehensive Insurance
| Own Damage | Comprehensive | Features | Covers damage to your own car only. |
|---|---|---|---|
| Third Party | Covers both damage to your own car and to others. | Meaning | Yes |
| Covers damage or injury to others caused by your car. | Yes | Covers Your Car? | No |
| No | Yes | Covers Third Party? | Yes |
| Yes | Yes | Covers Theft, Fire & Natural Disasters? | No (can be added) |
| No | Yes | Personal Accident Cover | Optional |
| Yes | Optional, but highly recommended | Legal Requirement | Yes |
| Mandatory by law | Yes | Add-On Covers Available | Medium |
| No | High (more coverage) | Premium Cost | People who already have third-party cover and want protection for their own car. |
| Low | People who want full protection for both their own car and others. | Best For | People are looking for only basic legal cover. |
Motor Insurance Plans By Liberty
What is Covered Under Liberty Standalone Own-Damage Policy?
What it Covers
- This policy pays for damage to your car in the following situations:
If your car is badly damaged in a road accident.
If your car is damaged because of a fire or an explosion.
If your car is stolen or completely destroyed.
If your car is damaged by a natural disaster or a man-made disaster, like a tsunami.
What Does it not Covers
- This policy does not pay for damage in these situations:
If your car stops working because of electrical or mechanical problems.
If the car is involved in any accident during illegal driving (like driving without a licence, drunk driving, etc.).
Loss of value of the car over time (depreciation).
Any accident or damage that happens outside India.
Benefits of Liberty Standalone Own-Damage Policy
Buying a standalone own-damage policy from Liberty gives you these benefits:- It protects your car from many problems, like road accidents, fire, theft, vandalism, and other unexpected events.
- You get a No Claim Bonus (NCB) for every year in which you do not make a claim.
- You can buy extra add-on covers to make your policy even better.
FAQs
Liberty Own Damage Car Insurance helps pay for repairs if your car gets damaged in an accident, natural disaster, fire, or theft. It covers the cost to fix your car or replace it if needed.
Yes, if you cause damage to your own car by accident or while driving, Liberty Own Damage Car Insurance will help pay for repairs.
Yes, when you make a claim, you may need to pay a small amount of money first. This is called a "deductible". After you pay this, Liberty will cover the rest of the repair costs.
Yes, the insurance will only cover the cost up to the value of your car, or the repair amount, as stated in your policy. You can check your policy for the exact limit.
You can buy this insurance online, through an agent, or by contacting Liberty directly. They will help you choose the best plan for your needs.