Although mandated under the Motor Law to ease financial grievances of the two-wheeler owner Third Party insurance coverage is not enough.

Is third party insurance enough. However having a third party insurance cover only is not enough. Is the premium of a third party insurance policy high. Most people do not have enough money on hand to cover the costs of a large lawsuit and thats where third party liability coverage comes into play.

Is third-party insurance enough. Why Should You Not. Hence it is necessary to have adequate insurance coverage to provide needful of financial protection in case of any liability arising from a third party.

On the basis of coverage there are three types of car insurance policies third-party car insurance policy comprehensive car. Third party car insurance is the minimum level of cover you can take out - it is a legal requirement. Third party insurance is the minimum level of cover required to drive in Ireland and means that in the result of an incident any damage to a third party is covered but damage to your own car is not.

The insurance premium is highly dependent on the engine capacity CC of the bike. Car insurance is important not only for your car but also for your financial stability as it keeps you insured against sudden and unexpected financial losses due to unfortunate events like road accidents. Third party liability insurance can be used to pay for the costs incurred by a lawsuit that may otherwise result in financial destitution or bankruptcy.

The whooping road fatalities have increased the importance of having your vehicle insured as it provides financial security under any adversities. Unfortunately accidents often result in legal proceedings and lawsuits. Third-party liability insurance TPL is an important form of protection found in your automobile policy.

The insurance company is liable to pay for damages caused by the vehicle of the insured to any vehicle or property belonging to some other person. 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. In case of any mishap accident fires theft a Third Party insurance policy does not cover damages or losses incurred by your bike.