Liberty General Commercial Vehicles Package Policy

• Loss or damage cover to insured vehicle
• Cover for third party liability
• Personal accident cover for owner cum driver
• Towing assistance service
• Avail No Claim Bonus benefit
• Enhance protection through additional covers
• Hassle free claim settlement at network garages

Own Damage Cover

Loss or damage to the vehicle insured and/or its accessories is covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

For death and Loss of two limbs/sight of two eyes/one limb & sight of one eye is covered up to 100%, Loss of one limb or sight of one eye is covered up to 50% and Permanent total disablement from injuries other than the specified ones is covered up to 100%.

This compensation is payable, when the death/injury caused within six calendar months of accidental external and visible means. A maximum of Rs 1 lakh is payable towards personal accident cover during any one period of insurance.

Towing Cover

While the insured vehicle is being used for towing a mechanically disabled vehicle, this cover provides benefits towards third party liability in respect of such towed vehicle, subject to the terms as applicable under the policy schedule.

No Claim Bonus

No Claim Bonus (NCB) up to 50% is applicable, in case of a claim-free policy year. The NCB benefit may vary depending on the type of vehicle and the number of no-claim policy years.

Following are the additional cover/add-ons that can be opted upon payment of additional premium.

• Depreciation Cover: It pays the depreciation amount deducted on the value of the parts replaced for an approved claim, in case of loss or damage caused to the vehicle insured.
• Consumables Cover: Cost of consumables such as Engine oil, Gear box oil, Brake oil, Power steering oil, etc. that may incur while replacing/replenishing the damaged vehicle, following an accident, is payable upon opting this add-on cover.
• Goods Transfer Expense Cover: Expenses incurred by the insured towards unloading of the goods from the insured vehicle and loading them to an alternate vehicle. This cover is applicable if the insured vehicle is not in a condition to carry goods after accidental damages as admissible under ‘Own Damage’ cover of the policy.

Following are the conditions that are not covered under this policy:

• Vehicle is used outside the geographical area
• Vehicle being used otherwise than in accordance with the ‘Limitations as to Use’ specified
• Any claim arising out of contractual liability
• Loss /Damage outside India
• Mechanical breakdown
• Consequential loss
• Depreciation, wear and tear
• Intoxicated driving
• Loss/Damage caused due to War/Mutiny/Nuclear risks, etc.