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. Third party car insurance is more restrictive covering damage to other vehicles and their passengers but typically not much else. Third party car insurance is the minimum level of cover you can take out - it is a legal requirement. A third party car insurance policy ensures that if you cause an accident any damage to the other persons vehicle or property will.

What does third party insurance cover. Medical costs for anyone youve injured. The coverage is specifically meant for the insured driver andor owner of the vehicle.

It also covers damage as a result of attempted theft or fire damage to the car. Third party car insurance is the most basic level of cover and the minimum required by law. 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 only is the lowest allowable level of car insurance you can get. In that case your insurer will bear the expenses andor liabilities arising from such an eventuality. Third party liability coverage is mandatory in Canada and its minimum is 200000.

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. Third party car insurance is a motor insurance contract that ensures protection of the vehicle owner against any unforeseen accidental liabilities arising out of third party vehicle damages property damages bodily injuries disability and death. Legal fees and lawsuits as a result of the accident.

Theres a third middle level of cover third party fire and theft that lets you claim for replacing your car if its stolen. Third-party fire and theft is the same as third-party only but the insurance will also cover your car if its stolen or catches on fire. Third party car insurance third party only is the most basic policy type and is the minimum level of cover required by law to make sure third parties involved in any accidents are covered.