Third party car insurance refers to the type of car insurance where the policy benefit is provided to a third party.

What is third party in car insurance. Rest assured that this isnt a totally separate car insurance policy or an extra type of coverage you need to buy if you have auto liability coverage which is required in most states you have third-party car insurance. Third-party liability insurance TPL is an important form of protection found in your automobile policy. It offers two types of coverage.

In a nutshell third party car insurance is the absolute minimum level of cover you must take out to drive legally on UK roads. So this is usually the other driver involved in an accident. Suppose it happens to you and you are found to be at fault for the collision.

Third-party insurances are the bare minimum and are the least required. Third party car insurance covers injuries or death of third parties due to an accident. TP premium depends on the Cubic Capacity.

A 3rd party car insurance policy is a legal requirement for driving a car in India on public roads. In that case one of the mandatory coverages in your car insurance policy called third-party liability insurance is triggered. There are three levels of cover available to drivers in the UK.

Most states require both types of coverage. You can also add extra features to it for an additional premium to include cover for loss of or damage to your own car caused by fire or theft. Third-party car insurance or third-party property damage insurance is meant to provide compensation when claims for car or property repairs are filed against you.

Third-party auto insurance also known as liability insurance is a type of car insurance that pays for losses you cause others. 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. Third-party liability insurance is mandatory coverage for all drivers in Canada.