For example there are cases in which Compulsory Civil Liability Insurance does not cover damages to third parties when those affected are close relatives or personal objects of the insured and his family.

What does non-compulsory third-party property insurance cover. It also covers expenses if your vehicle is damaged in a fire or stolen. Bodily Injury BI and Property Damage PD. Repair costs to any property youve damaged.

Compulsory third party covers injury to the occupants of the other vehicle only and will not cover the cost of repair of the vehicle itself. Section A Third Party Liability which protects the insured Newfoundland and Labrador driver andor the registered vehicle owner in the event they cause injury death or property damage to a third-party resulting from negligence. It usually doesnt cover bodily injury thats caused to another road user during an accident.

If the damage is beyond the insurance cover the policyholder has to bear the additional expense. Third-party property insurance covers any liability resulting from damage to third-party property but any damage to your property is not covered under this policy. To be protected against this you could consider taking out Third Party Property insurance Third Party Fire and Theft insurance or Comprehensive car insurance.

For an extra premium it can also cover your car for fire and theft for up to 10000. What does non-compulsory third-party property insurance cover. That means if you are in a not-at-fault accident and your car is written off and you are severely injured the other drivers CTP insurance will cover your injuries but not your car damage.

Kinds of Third Party Liability. The Personal Liability Cover offers financial protection for property owners should a third party lay a claim against a homeowner for accidental death injury or illness which may occur on their property. There are two kinds of Third Party Liability.

Third Party Fire and Theft insurance offers some protection for your car while paying for damage to other peoples property. What Is Covered By Third-party Liability Insurance. It also offers homeowners financial protection for accidental loss or damage to a third partys property.