It provides compensation for people injured or killed in a car accident that is deemed to be not their fault.

What does third party insurance cover you for. But what does that mean. Under a third-party policy the insurer covers the liabilities in case the policyholder is responsible for any injury or loss to a third party. Third-party liability car insurance prevents you from paying for the damage out-of-pocket and is the only type of car insurance thats mandatory across Canada.

Third-party liability coverage is the portion of an insurance policy that protects you if youre sued or threatened to be sued for a physical injury or damage to someone elses property. Repair costs for vehicles damaged in an accident caused by you. What Does 3rd Party Motor Insurance Cover in Nigeria.

Maybe you would like to learn more about one of these. Legal fees and lawsuits as a result of the accident. Third-party insurance doesnt cover damage to your own vehicle or injury to yourself.

Third party insurance protects customers against financial ruin from potential claims for injuries or damages they may cause to another person. That means the CTP insurance you select when you register your car would pay for another partys personal injuries if you caused an accident. Third-party insurance provides coverage when you are responsible or at fault resulting in property damage or personal injury.

In legal-speak the Compulsory Third Party CTP insurance which is part of every WA motor vehicle registration covers unlimited liability for personal injury caused by through or in connection with directly driving the insured motor vehicle in incidents to which the Motor Vehicle Third Party Insurance Act 1943 applies. Medical costs for anyone youve injured. However its also important to bear in mind that this policy will not cover any damage caused by fire or theft.

Since the third-party insurance cover. Your third-party liability covers the following. The coverage is specifically meant for the insured driver andor owner of the vehicle.