Third party fire and theft insurance generally covers what it says on the tin.

What is covered in third party insurance. Damage caused to third-partys property such as car bike or any property. Furthermore the vast majority of claims 835 were for incidents involving private passenger vehicles. Basically third-party insurance is liability coverage thats purchased by a consumer first party from an insurance company second party to protect against claims from other people third party for injuries or damage the first party causes.

Third-party insurance covers an individual or firm against a loss caused by some third-party. A few third party liability coverage policies include commercial liability insurance homeowners insurance and auto insurance. It doesnt provide any coverage against the damages caused to your own vehicle.

What Is Covered By Third-party Liability Insurance. A third-party insurance plan provides coverage against the damages to any third-party vehicle and bodily injuries caused to any third party due to an accident. Repair costs to any property youve damaged.

In this case your third party fire and theft insurer will compensate the third party. Repair costs for vehicles damaged in an accident caused by you. This type of policy means you can also claim for your vehicle if.

The Motor Vehicle Act 1988 makes third party liability cover. It acts as a cover on behalf of the insured person. Find out more about Peoples Choice Credit Union Car Insurance.

It covers third-party damages up to Rs 75 lakh. Youll need to check with your individual policy provider but heres whats normally covered. Medical costs for anyone youve injured.