TPO covers damage to other people and other cars but any damage to your own car is your responsibility to fund and sort.

What does 3rd party car insurance cover mean. An insurer including Admiral would pay out for any damage or injury caused to a third party including passengers animals damage to property and accidents caused by a passenger or named driver. What Is Covered By Third-party Liability Insurance. In that case your insurer will bear the expenses andor liabilities arising from such an eventuality.

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. 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. As the name suggests third party insurance will only cover any third parties involved in a car accident which is the fault of the policy holder.

Third party car insurance is more restrictive covering damage to other vehicles and their passengers but typically not much else. It also covers damage as a result of attempted theft or fire damage to the car. Third party liability coverage is mandatory in Canada and its minimum is 200000.

Third party car insurance can be defined as liability insurance that is designed to provide protection to other motorists and property owners for the damage you cause. Third party liability coverage is a part of the insurance policy that addresses issues when you as a driver either damage somebodys property or cause somebodys injuries or death and have to deal with legal responsibility. Legal fees and lawsuits as a result of the accident.

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. Your third-party liability covers the following. 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.

In simple words it is an insurance policy that protects you from legal liabilities which may arise in case of an accident. Third party car insurance is the most basic level of cover and the minimum required by law. Suppose you hit someones car and caused them severe damages.