You can also choose Add-ons with such a policy.
What does no third-party insurance mean. It is also known as a Comprehensive car insurance policy. Also referred to as legal liability coverage this section of your home or car insurance policy is set up to cover things like legal fees the. If another person the third party damages the insureds property a regular insurance contract wouldnt cover the claim and would tell the insured to sue the.
Most insurance contracts only involved the insured the first party the insurance company and the second party. This is usually a member of the public who can make a claim against you which is where third party liability insurance kicks in. The second party is the insurance company.
Since the third-party insurance. If another person the third party damages the insureds property a regular insurance contract wouldnt cover the claim and would tell the insured to sue the third party instead. What is third-party insurance.
Even if you do everything you can to prevent damage or injury they still happen. Unfortunately accidents often result in legal proceedings and lawsuits. Third party car insurance is the minimum level of cover you can take out - it is a legal requirement.
Currently the AA does not offer Third Party insurance but we do offer Third Party Fire and Theft cover to give you a higher level of protection. In a third-party insurance claim there are three parties. Third-party means it didnt happen to you but to someone else.
It covers the victims property and any medical costs due to injury. Most insurance contracts only involved the insured the first party the insurance company and the second party. Third-party insurance pays the charges when someone makes a claim against you or your car insurance company.