You can also choose Add-ons with such a policy.

What is covered in third party insurance. A third-party insurance policy covers against all the third-party damages. Third-party fire and theft insurance is like third-party insurance in that it mainly covers other drivers and third-party property damage. Repair costs for vehicles damaged in an accident caused by you.

Whether to an individual or property. Medical costs for anyone youve injured. Legal fees and lawsuits as a result of the accident.

Repair costs to any property youve damaged. Furthermore the vast majority of claims 835 were for incidents involving private passenger vehicles. 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.

In this case your third party fire and theft insurer will compensate the third party. 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. Third-party insurance provides coverage when you are responsible or at fault resulting in property damage or personal injury.

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. The Own Damage cover is one of the main covers of First Party insurance. The Motor Vehicle Act 1988 makes third party liability cover.

Third-party insurance covers an individual or firm against a loss caused by some third-party. Third party compensation If you are involved in a crash the third party involved in it with you may claim compensation from you. Your third-party liability covers the following.