Even if you do everything you can to prevent damage or injury they still happen.

What does 3rd party mean on car insurance. A 3rd party car insurance policy is a legal requirement for driving a car in India on public roads. 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. What Does Third Party Insurance Cover.

This policy safeguards the interests of those who might be injured or whose property might be damaged because of an accident involving the insured vehicle. Damage to your car is not covered by third party car insurance. A third party car insurance policy ensures that if you cause an accident any damage to the other persons vehicle or.

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. A third party can be anyone and does not have to be an acquaintance of the first or second party. An example is automobile insurance that will indemnify.

This kind of policy helps protect other people vehicles and property in the event of an accident that was deemed to be your fault. 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. Third-party liability insurance TPL is an important form of protection found in your automobile policy.

Thus a third party car insurance is a legal contract between the first party and the second party where the latter promises to pay for any legal liabilities of the former arising out of third party injuries or damages in return for a premium price. Third party car insurance covers damage to others as a result of an accident thats your fault. Third party car insurance is the minimum level of cover you can take out - it is a legal requirement.

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. This is the minimum level of insurance required by Irish law to drive a vehicle. 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.