About Car Insurance in Bangalore
Bangalore, known as India’s Silicon Valley, is home to some of the biggest IT companies in the world. Now known as Bengaluru, the city is known for its eclectic blend of cosmopolitan and orthodox cultures, its pleasant weather, and of course the pubs and eateries that can be found in every neighbourhood. Owning a car in this former cantonment city is no longer a luxury. Apart from local attractions like Lalbagh, Cubbon Park, Bannerghata biological park where you can spot animals in their own habitat and the Bangalore palace, weekend getaways like Mysore and Coorg connected by modern highways are just a few hours away. Just buying a car, however, is not enough. As per government regulations, it is mandatory for every vehicle to have car insurance. But before you buy insurance for your vehicle, you need to ask a few questions. For instance, does the insurance provider offer cashless claim services? Roadside assistance? How customer centric is their after sales service? Does the policy cover damage due to accidents, theft, natural disasters?
In Bangalore, Liberty General Insurance offers policies that are tailored to suit your needs. These range from the bare bones Liability Only Policy to a Comprehensive Policy, which basically insures you for almost every form of damage to you or your vehicle.
You can also find a list of Liberty General Insurance-partnered garages at our garage locator
Why choose Liberty General Insurance in Bangalore?
91% claim settlement ratio (2018-19)
97+ offices all over India
4,300+ partner garages in India
Our inspection process means you don’t have to endure any hassles
Enjoy Hassle-free settlement with
Liberty General Insurance
Ease of Endorsement
Incorporate amendments in
your existing policy
Additional Protection Cover
Check our list of add-on policies
for your car
Daily Customer Service
Call us from 8 am to 8 pm,
7 days a week
Find the nearest garage through
our garage locator
Types of car insurance
Third Party Insurance
Driving without a Third Party or Liability Only insurance policy is a punishable offence under the Motor Vehicles Act of 1988. This policy, however, only covers loss or damage suffered by a third party in case of an accident arising out of the use of the insured vehicle. Remember that it does not cover any loss or damage to the insured vehicle or to the insured.
Own Damage (OD) Cover
This policy covers damage caused by fire, explosion, lightning, burglary or housebreaking or theft, riots and strikes, earthquakes (fire and shock damage), typhoons or floods, riots and malicious acts, terror activity, etc.
What own damage insurance does not cover:
- Damage to third-party vehicle
- Damage to third-party property
- Injuries to other people in an accident
- Normal wear and tear
- Mechanical or electrical breakdown
- In case you use your private car commercially.
- Driving under the influence of alcohol or drugs
- Driving without a licence
- Consequential loss
Liberty General Insurance also offers various add-on covers such as depreciation cover, passenger assist, consumable cover, engine safe cover, GAP value cover, key loss cover, and roadside assistance cover.
What is the difference between third-party and comprehensive car insurance?
Third-party car insurance covers any financial liability if you cause an accident to another vehicle or its driver. It is mandatory according to the Motor Vehicle Act of 1988. Comprehensive car insurance covers any damage to your own car. You can choose one of several Liberty General car insurance policies that cater to your requirements to ensure that you don’t feel the pinch in case your car is damaged.
You should also look to buy an add-on insurance policy cover so that you can secure the best possible protection for yourself. Some of the add-on covers include Depreciation Cover, Engine Safe Cover, Passenger Assist Cover, Gap Value, Key Loss Cover, Roadside Assistance Cover, Consumable Cover.
Can I purchase a car insurance policy online?
You can purchase a car insurance policy from Liberty General Insurance by clicking here. You can also visit any of our branches across the country. However, doing it online will be more convenient for you. Moreover, you will be doing the environment a favour by going green and avoiding paper. You will get a soft copy of the insurance policy after purchase. You can also renew your policy online here. Make sure you purchase add-ons mentioned above so that you get complete insurance cover.
What are the documents required to settle a claim?
In case you raise a car insurance claim in Bangalore, you will need to provide:
- Your insurance policy number
- Policy holder’s name
- Contact number
- Time and date of the accident
- Your vehicle number
- Accident location (in case of accident).
You will also need to give information like the model and make of the vehicle, and a detailed explanation of how, when and where the accident took place. You will also need to provide garage details where your vehicle is located to avail car insurance in Bangalore.
In case of a third party-related injury, you will be required to provide the details of the third-party. Other documents include a First Information Report (FIR) from the police station where the accident took place, proof of insurance, tax receipt, registration book, the driver’s licence of the insured driver, and estimated cost of repair from the garage.
In case you have made the payment, you will be required to submit repair bills and receipts, as well as a claims discharge-and-satisfaction voucher signed across a revenue stamp (Only for a cashless claim).
What is IDV in a car insurance policy?
Insured Declared Value reflects the value of the motor vehicle determined based on the Manufacturer's listed selling price of the vehicle and depreciation based on the Age of the vehicle. The IDV is applicable for the purpose of Total Loss/ Constructive Total Loss (TL/ CTL) claims only. For the purpose of TL/CTL claim settlement, this IDV will not change during the currency of the policy period in question. IDV Depreciates with Vehicle Age which means car insurance prices for a new car will be higher than an old car.
To visit our Bangalore branch, click here.
Registration Number: 150 | ARN:Advt/2018/March/26 | CIN: U66000MH2010PLC209656
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