Before moving on to the major question lets understand what third-party insurance cover is.

Is third-party insurance enough in india. A third party car insurance policy provides the most basic coverage and is more affordable as compared to a comprehensive plan. Third-party insurance is a type of insurance cover that shields you from any type of financial loss if you damage any third party property in an accident. Therefore it is better not to avoid taking a third party two wheeler insurance policy and get it renewed before expiry.

As per the motor vehicles act every motor vehicle owner must buy third party insurance coverage in India. In India Third Party Insurance is more than just a precautionary safe-guard. The Motor Vehicle Act specifies that every two-wheeler must be insured upon purchase.

This policy does not provide any benefit to the policyholder. As per the Motors Tariff Act 2002 it is mandatory for every vehicle owner in India to have at least a 3rd party car insurance. With a valid policy you can legally ridedrive your vehicle on Indian roads.

As per the law yes third party insurance is enough. Is third-party insurance enough in india. Among the two types of car insurance in India the third-party TP car cover serves to protect the insured from claims arising from a third party when the insured persons vehicle is at fault.

As of now car-owners in India are rest assured of having their third party liabilities entirely covered. A third-party car insurance covers a vehicle owner against any legal liability due to damages caused to third-party. In the Indian context automobile dealers arrange for a comprehensive insurance cover along with vehicle registration.

Why Third Party Car Insurance is not enough. New India Assurance company offers a Liability only policy that covers injurydeath of third-party and property damage. It is mandatory and covers any financial liability the policy holder may incur from a third party damage liability covers costs resulting from damages to or loss of property.