From tiny injuries to severe fractures a third party cover covers all.

What is covered under third party insurance. A third party car insurance policy provides coverage against any damage or injury caused to a third party due to your fault. According to the Motor Vehicles Act 1988 having third party car insurance is mandatory while driving the car. In an unfortunate case if a person on the road meets with an accident with your bike and gets injured or dies that personfamily can claim medical expenses due to loss of income if heshe is not in a situation to resume work or dies.

Read more to know what is covered under a third party bike insurance. A Third Party car insurance provides cover for any legal liability arising out of the use of the vehicle for. Death or major bodily injury to the third party.

Who is the third party. The coverage is specifically meant for the insured driver andor owner of the vehicle. Legal fees and lawsuits as a result of the accident.

In other words when you purchase this coverage its designed to protect you financially if someone files a claim against you. Premium is fixed by the IRDA and is constant across the insurance companies. Medical costs for anyone youve injured.

Actually there are a few parties that are referenced when it comes to this type of coverage. Third party insurance protects customers against financial ruin from potential claims for injuries or damages they may cause to another person. We already mentioned that third-party liability insurance coverage provides you with the finances needed to pay other parties that sue you for causing an accident.

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. Your third-party liability covers the following. What Is Covered By Third-party Liability Insurance.