Liberty Two-Wheeler Add-Ons

Liberty General bike insurance policies can be extended to cover more risks by purchasing additional covers known as add-on covers. But for this, you will be charged an extra premium. Different insurers offer different coverage under add-on benefits and hence charge different premium amounts. It is not mandatory to buy add-on covers but you can opt for additional coverage if you have a standalone own-damage bike insurance policy or a comprehensive bike insurance policy as a base policy.

Liberty General offers a number of add-on benefits that you can opt for as per your budget and requirements. These add-on covers are explained below:

1. Depreciation Cover: Usually in case of a bike insurance claim, the insurer bears the cost after deducting the depreciation on value of the bike parts. But if you purchase this add-on cover, then the insurer shall bear the depreciation amount in case of an admissible claim under own-damage section.
2. Consumables Cover: If you purchase this add-on cover, then the insurer will protect you against the expenses arising due to those items or substances that at the time of loss were either totally consumed or unfit for further use in your bike. For instance, grease, nut and bolt, break oil, fuel filter, screw, and similar items. You can avail the benefit for these expenses under a package policy.
3. Gap Value Cover: With the gap value add-on cover, you can receive the difference amount between the amount received under own damage section or the current replacement value of the bike if the same make and model is available, whichever is less in case of total theft or constructive total loss/total loss of the bike. With this add-on, you will not even have to worry about the road tax and the first time registration charges if specified. You will be covered up to the maximum liability as mentioned in your policy schedule.
4. Roadside Assistance Cover: Roadside assistance cover offers you protection in case of breakdown of your vehicle for a maximum of 4 claims in a policy period. These services may include breakdown support over phone, minor repair (on-site), assistance in case of lost keys, transfer or towing due to major breakdowns, flat tyre support, etc. The cover also provides you for alternative transport assistance to the nearest safe location for passengers of the bike.
5. Engine Safe Cover: The add-on benefit of engine safe cover offers you protection against the consequential damage caused to the internal child parts of your bike’s engine, due to leakage of lubricating oil or water ingression and/or damage to your bike’s gearbox because of leakage of lubricating oil because of accidental means. If you buy this cover, then you will be compensated for child parts such as connecting rods, pistons, cylinder head, and crankshaft. It also covers the labor cost to repair the damaged engine and gearbox and cost related to repair or replacement of internal parts of the gearbox like shafts in the gearbox housing, etc.

Accidents can be fatal for both the rider as well as the pillion rider. Therefore, it is recommended to purchase relevant add-on covers along with your Liberty General bike insurance policy. These not only minimise the financial loss but offer you greater protection in misfortune events.