In legal-speak the Compulsory Third Party CTP insurance which is part of every WA motor vehicle registration covers unlimited liability for personal injury caused by through or in connection with directly driving the insured motor vehicle in incidents to which the Motor Vehicle Third Party Insurance Act 1943 applies.
What does 3rd party insurance cover you for. We already mentioned that third-party liability insurance coverage provides you with the finances needed to pay other parties that sue you for causing an accident. Third-party insurance doesnt cover damage to your own vehicle or injury to yourself. Since the third-party insurance cover.
But what does that mean. Legal fees and lawsuits as a result of the accident. Repair costs for vehicles damaged in an accident caused by you.
However it covers the insureds legal liability for deathdisability of third-party loss or damage to the third-party property. What Is Covered By Third-party Liability Insurance. If you are involved in an accident which leads to the death of a third party then you are solely responsible for the unfortunate loss that nothing can make up for.
Maybe you would like to learn more about one of these. How does Extended Third Party Liability coverage help you. An example is automobile insurance that will indemnify.
Be it physical injury death or loss to physical property your insurer will compensate for it. Your third-party insurance would cover the cost of the other persons car and medical expenses. What isnt covered though is damage to your own car or any injuries you suffer.
Third-party insurance covers an individual or firm against a loss caused by some third-party. Third Party Liability insurance protects you from the financial risk of an at-fault crash. So this is usually the other driver involved in an accident.