Third party car insurance is the minimum level of cover you can take out - it is a legal requirement.

Define third party car insurance. The term third-party car insurance refers to the coverage that kicks in if you cause damage to another person their vehicle or other property not owned by you. Unfortunately accidents often result in legal proceedings and lawsuits. Not to drive his car.

Key Concepts and Practical Strategies. Youre considered legally responsible if someone causes injury or damage when using your car even if youre not present at the time of the accident. It enables the second party to pay any third party legal liabilities of the first party in the form of monetary compensation to the third party.

Third party insurance synonyms third party insurance pronunciation third party insurance translation English dictionary definition of third party insurance. Third-party only insurance TPO offers you the legal minimum level of car insurance cover and is the most basic youre able to get. To insurance contracts where the exclusion is due to imperfect.

It covers damages and injuries caused by the insured vehicle to a third-party person or property. Third-party insurance is compulsory for all vehicle-owners as per the Motor Vehicles Act. Car insurance by definition protects your car against damage or loss.

Third-party liability insurance TPL is an important form of protection found in your automobile policy. During the meeting it was also agreed that a team will be formed to develop the insurance sector and standardise third party. 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.

But one of the most important roles your insurance policy plays is in covering damage you cause to other peoples property. Even if you do everything you can to prevent damage or injury they still happen. However in the past Father had allowed Son to.