Unfortunately it doesnt cover your own vehicle damages.

Is third party insurance valid in india. As of now car-owners in India are rest assured of having their third party liabilities entirely covered. Under the Motor Vehicle Act of our country it is mandatory for all tractors plying legally on Indian roads to at least have a tractor third party insurance. Third-party insurance is car insurance coverage which insures you against all the 3rd party legal liabilities which may arise due to any mishap such as a road accident involving your car.

22 rows Since motor vehicle insurance is boughtissuedrenewed on the validity of the vehicle. Any financial obligation sustained by valid policyholders due to death and disability of third party are covered in the policy. In India motor third-party insurance or motor third party liability is a mandatory requirement as per the Motor Vehicles Act 1988.

But no matter how carefully we drive somethings are out of our control. Therefore you are protected from the financial liability towards the third-party. Third Party Insurance in India In India under the provisions of the Motor Vehicles Act 1988 it is mandatory that every vehicle should have a valid Insurance to drive on the road.

While all vehicle documents including vehicle insurance policies will now remain valid till at least 30 September we firmly believe you should renew at least the insurance policy nonetheless. Any vehicle used for social domestic and pleasure purpose and for the insurers business motor purpose should be insured. Your insurance provider will compensate you for death disability injury or property damage to any third-party.

According to the Motor Vehicle Act 1988 if you are driving a car on Indian roads without a valid insurance plan then you may face serious legal issues. The first part is therefore responsible for the damages and losses irrespective of the cause. Third-party liability car insurance prices are a mandate in India under the Motor Vehicles Act.

In India third party insurance is a mandatory cover without which one cant drive hisher vehicle on the roads. If anybody is found using a tractor without a valid tractor insurance third party then he she shall be punished under the law. This cover will pay for any fiscal liability that arises out of the accident.