It covers the victims property and any medical costs due to injury.

Whats 3rd party car insurance. Motor third-party insurance or third-party liability cover which is sometimes also referred to as the act only cover is a statutory requirement under the Motor Vehicles Act. In vehicle insurance the third party is most likely to be the driver of the other car in an accident that you caused but it may be a retailer for example if you drove your car through a shop window. 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.

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 offers a basic and more affordable form of cover that covers the damages that you may cause to another vehicle in the event of an accident. Now to define third-party car insurance refers to a particular type of vehicle insurance which safeguards you against legal liabilities when you meet an accident with any third-party.

But getting coverage has never been more accessible with third-party car insurance as the process has several hooks and nooks. What is third party. Damage to your car is not covered by third party car insurance.

Even if you do everything you can to prevent damage or injury they still happen. So this is usually the other driver involved in an accident. Second Party or the motor insurance company that promises to provide financial aid in exchange for a car insurance.

Third-party means it didnt happen to you but to someone else. See how our customers save big on auto insurance. According to the Motor Vehicle Act 1988 if you are driving a car on Indian roads without a valid insurance plan then you may face.

Third Party or any other person who may get. 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. This is the minimum level of insurance required by Irish law to drive a vehicle.