About Car Insurance in Visakhapatnam
Visakhapatnam, also known as Vizag, is the only natural harbour on India’s east coast. With a GDP of almost $ 44 billion (as per 2016 data) Visakhapatnam is one of the 100 fastest growing cities in the world and the 9th richest city in India. Home to the headquarters of the Indian Navy’s Eastern Command, the city also boasts of the oldest shipyard in the country and a submarine museum. With a green cover of almost 30 per cent, the city’s beaches, caves and wildlife sanctuaries make it a major tourist attraction. For car owners in this city, LGI offers a host of car insurance policy options which are easily available online. While basic third party insurance is mandatory across the country for all cars, there are a host of other policy options to choose from. Insuring your precious vehicle is important because in the unfortunate event of an accident or mishap, the last thing you need to worry about is whether you can pay for the damage. Choosing the right insurance provider is as important as selecting the right policy for your car. With an LGI policy, car owners in Visakhapatnam can rest assured about quick, reliable and transparent assistance whenever required. With a daily helpline, an online premium calculator and a garage locator listing LGI partner garages, your vehicle is in safe hands.
Why choose Liberty General Insurance in Visakhapatnam?
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 policies
While there are essentially two types of policies – Third Party and Comprehensive---Liberty General Car Insurance offers a host of additional covers.
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.
As the name suggests, this is an all-inclusive policy which offers complete coverage for loss or damage to the third party as well as to you in case of theft or an accident.
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 insurance is not covered in case of Own Damage policy?
- Damages to a third party vehicle (If you want coverage for both - own as well as third party damages then buy comprehensive Car insurance)
- Damage caused to a third-party property
- Injuries caused to other people in an accident
- Normal wear-and-tear of the vehicle
- Mechanical and electrical breakdown
- A vehicle being used other than in accordance with the limitations as to use. For example, if you use your Private car for commercial purposes.
- Damage to/by person driving without a valid driving license
- Loss or damage caused while riding under the influence of alcohol or any other intoxicating substance
- Consequential loss.
Liberty General Insurance also offers various add-on covers which include depreciation cover, passenger assist, consumable cover, engine safe cover, GAP value cover, key loss cover, and roadside assistance cover.
How do I renew my car insurance policy for a car in Visakhapatnam?
If you are a new car owner or want to port your insurance policy from another company to LGI online, you can do so in the following way.
A soft copy of the policy will be sent to your email address, while the policy document will be mailed to your registered home or office address. We encourage you to buy and renew your policy online, as it is also a green initiative.
Should I buy third-party or comprehensive car insurance?
Third-party car insurance is mandatory according to the Motor Vehicle Act of 1988. However, it is advisable to buy a comprehensive car insurance, as third-party car insurance only covers third-party liability, and any damage to your car will not be covered. 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.
Add on covers, also known as add-on riders, are those covers that help you provide all-round protection to your car, over and above what your car insurance policy covers. You can choose from a wide range of add-on covers including:
- Depreciation cover
- Passenger Assist
- Consumables cover
- Engine safe cover
- GAP value cover
- Key loss cover
- Road-side Assistance cover
These riders are not a part of your insurance policy and you have to pay separate premiums to purchase them
Do I have to renew my four wheeler insurance every year?
Yes. Car insurance policies are usually offered for one year, so you will have to buy or renew your policy every year. It is recommended that you purchase and renew your policy online not just to save time and paperwork, but also because you can get various benefits including better premiums. We recommend purchasing and renewing insurance online as part of our Go-Green Initiative plan, wherein you will receive soft copies of your insurance policy. Apart from our website, you can also renew your policy by downloading our mobile app available on the Android and iOS App Store and through WhatsApp messenger.
If you wish to visit us at our Visakhapatnam Office, then you can contact our nearest office here
What is a No Claim Bonus?
If you haven’t made a single claim during a year, you will get a no-claims bonus the subsequent year. This can be used to reduce your insurance premiums. This bonus can be transferred in case you decide to switch your insurance provider.
To visit our Visakhapatnam office, click here
Registration Number: 150 | ARN:Advt/2018/March/26 | CIN: U66000MH2010PLC209656
2019 Liberty General Insurance Ltd.
Reg Office: 10th floor, Tower A, Peninsula Business Park, Ganpat Rao Kadam Marg, Lower Parel, Mumbai - 400013
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