The own damage covers the loss or damage to the car due to insured perils while the third party covers the death of third party.

What is covered under third party car insurance. The term third party refers to a person involved with a car insurance claim who is not you the holder of the policy or the driver. What is Third Party Car Insurance. Third party car insurance is a motor insurance contract that ensures protection of the vehicle owner against any unforeseen accidental liabilities arising out of third party vehicle damages property damages bodily injuries disability and death.

This includes bodily injuries legal expenses and property damage claims. It provides coverage for bodily injurydeath of a third party as decided by a court of law as well as third party property damage up to Rs. You can also choose Add-ons with such a policy.

Your third-party liability covers the following. Third-party insurance provides coverage when you are responsible or at fault resulting in property damage or personal injury. The Own Damage cover is one of the main covers of First Party insurance.

Vehicle damage and your deductible The physical damage your vehicle suffers from a collision is covered by your basic plate insurance subject to a deductible. So this is usually the other driver involved in an accident. It acts as a cover on behalf of the insured person.

Also known as Liability-Only policy or Act-Only policy this type of four wheeler insurance provides. According to the Motor Vehicles Act 1988 having third party car insurance is mandatory while driving the car. The Motor Vehicle Act 1988 makes third party liability cover as mandatory for all vehicles running on the streets.

A third party car insurance covers the insurer against any damage or legal liability caused to a person or property other than the one insured. Third party car insurance covers injuries or death of third parties due to an accident. Bodily injury liability BIL and property damage liability PDL.