A third party car insurance policy ensures that if you cause an accident any damage to the other persons vehicle or property will be paid for by your insurer.

What does 3rd party car insurance cover. Bodily injury liability BIL will cover you by paying for expenses if you injure someone in a vehicle accident. It provides compensation for people injured or killed in a car accident that is deemed to be not their fault. CTP is an abbreviation for compulsory third-party insurance.

However with a wide array of insurers agents and enforcers on the team investing in car insurance. 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. Injury to a driver or passenger in another car third-party injury Damage to another persons car.

Third-party liability insurance is mandatory coverage for all drivers in Canada. Now to define third-party car insurance refers to a particular type of vehicle insurance which safeguards you against legal liabilities when you meet an accident with any third-party. In simple words it is an insurance policy that protects you from legal liabilities which may arise in case of an accident.

When insuring a car Third Party Insurance is the cheapest option. That means the CTP insurance you select when you register your car would pay for another partys personal injuries if you caused an accident. Because third-party car insurance is the minimum legal level of cover it shouldnt be surprising that it covers only the minimum costs in case of an accident.

That is Okay for an older car if not special or vintage even a brand new car. Bangkok Bank will insure aliens and their car insurance is called Auto 1st 2Plus K-bank has something similar but they may only insure Thai car owners where you has close to same benefits as many 1st class insurances but 3rd party material damage is limited to 1 million baht and your own car is fixed to a maximum of for example 250000 baht Bangkok Bank. Although every time we find offers of policies to Third Parties with more guarantees and incorporated services.

Suppose you hit someones car and caused them severe damages. So this is usually the other driver involved in an accident. Third-party insurance protects you from any legally payable liability that occurred to the third party in your own car by an accident incident or any mishappening.