It covers damages and injuries caused by the insured vehicle to a third-party person or property.

What is third party insurance meaning in hindi. It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle personal property and physical injury. Types of Car Insurance. So this includes situations such as if you bump into a car or damage ones personal property.

A third-party liability cover is made mandatory in India under the Motor Vehicles Act 1988. Get Business News in Hindi latest India News in Hindi and other breaking news on share market investment scheme and much more on Financial Express Hindi. A third party can be anyone and does not have to be an acquaintance of the first or second party.

2 बम क परकर और उनक फयद Types of Insurance with Benefits in Hindi. Third-party car insurance offers cover against any legal liability to a third party caused when you are at fault. Most insurance contracts only involved the insured the first party the insurance company and the second party.

If another person the third party damages the insureds property a regular insurance contract wouldnt cover the claim and would tell the insured to sue the. Third Party - Any person besides the first party and the second party is considered a third party under car insurance. Third party insurance is an insurance policy that covers property damage caused by someone who isnt the insured.

It is referred to as a third-party cover since the beneficiary of the policy is someone other than the two parties involved in the contract the car owner and the insurance company. A third-party car insurance plan provides coverage against any legal liability arising out of injuries to a third-party when the policyholder is at fault. 21 1 जवन बम यजन कय ह और इसक फयद Life Insurance in Hindi 22 2 दरघटन बम यजन Personal Accident Insurance in.

This cover protects you against the loss and damage that occurred to the third party vehicle or property that causes someones death or injury due to your vehicle. Third-party insurance covers an individual or firm against a loss caused by some third-party. The main purpose of a Third-Party car insurance is to cover you from losses and damages caused to a third-party due to your own car.