WHAT DOES THIS PRIVATE CAR INSURANCE POLICY COVER?
This vehicle insurance policy by Liberty Videocon provides cover for the following occurrences:
- • Loss or damage to the vehicle due to:
- External explosion
- Housebreaking or theft
- By accidental external means
- Malicious act
- Riot and strike
- Earthquake, flood, landslide, rockslide, cyclone and inundation
- Whilst in transit by rail, road, air, elevator, lift.
- Personal accident cover in case of loss of limb or sight, disablement or death
- Liability for third party injury or death and damage caused to their property
- By paying an additional premium, one can opt for extra cover in case of:
- Loss or damage to electrical and non-electrical accessories
- Personal accident cover for the insured and any named or unnamed passenger(s)
- Cover for lamps, tires/tubes, mudguards, bonnet etc. and paintwork of the damaged portion
- Legal liability to person employed (paid driver /cleaners)
- Legal liability to person employed travelling in the vehicle (other than driver/cleaner)
- Indemnity granted to trailers
- Legal Liability to Non-Fare Paying Passengers other than Statutory Liability except the Fatal Accidents Act, 1855
WHAT DOES THIS PRIVATE CAR INSURANCE POLICY NOT COVER?
Some of the major exclusions under this vehicle insurance policy by Liberty Videocon are:
- Consequential loss
- Claims arising out of any contractual liability
- Loss or damage covered under manufacturer ’s warranty or part of manufacturer ’s recall
- Loss or damage to the engine and/or gear box due to delay in intimation to the insurer or delay in retrieval of insured vehicle from water clogged area.
- Depreciation; wear and tear
- Mechanical and Electrical breakdown; failure or breakage
- When the vehicle is used outside the geographical area
- When used contrary to limitations as to use
- When driven by a person other than the driver stated in the driver’s clause
- War perils, nuclear perils and drunken driving
What separates a good car insurance from an average one is not only the exhaustive nature of its core offering, but the number of value-add covers that come along with it. At Liberty Videocon General Insurance Company, it is our endeavor to offer you the best evolved benefits that give enhanced value additions that are over and above the basic car insurance policy. These 5 add on covers provide additional benefits to your basic car insurance, thereby adding to the comprehensiveness of your motor insurance:
This cover promises a comprehensive coverage for your vehicle. This cover offers full claim without any deduction for depreciation on the value of parts replaced. If your car is damaged following a collision, for instance, and you file a claim under this car insurance, it will be covered for the entire cost.
This cover reimburses the cost of consumables, i.e. Items that are unfit for further use, arising out of damage to the damage to the insured vehicle or the accessories, caused by accidents or perils. Consumable items include grease, lubricants clip, air conditioner’s gas, bearings, engine oil, oil filter, fuel filter, break oil, nut and bolt, screw, washers etc.
GAP value cover
GAP insurance covers the difference between the actual declared value of a vehicle and the showroom cost of the same new car. Hence, it covers the vehicle at original 100% cost including road taxes that have been paid.
Passenger Assist Cover
This particular Add-on cover offers the insured with the following protection such as hospital allowance, medical expenses, and medical transport assistance. Reimbursement of medical charges for the passengers and driver are undertaken under this cover. It also entitles you to get the charges towards transportation of insured persons in Ambulance to the Hospital post suffering bodily injury caused by an accident while travelling in, embarking or disembarking from the insured vehicle.
Roadside Assistance cover
This cover offers the road side assistance through an authorized vendor in case of breakdown of the insured vehicle, under these services, a customer can avail of road side assistance, which will include mechanical & accidental breakdown towing, on site repairs, fuel delivery, assistance in case of wrong fuelling, battery jumpstart, flat tyre change, locked and lost keys and a host of other road side emergency assistance services.