If you cause injury death or property damage third party liability car insurance is applicable and will cover these claims up to your policy limit.

What does third party car insurance cover gio. It covers damages to the property damages to the vehicle physical injuries and death of the third party. What does third party insurance cover. Compulsory third party CTP car insurance sometimes known as a green slip protects you from legal and medical costs arising from injuries and deaths caused by car accidents.

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. When your car causes damage to someone elses property this policy provides up to 20 million of liability cover. CTP insurance is compulsory in Australia.

Under a third-party policy the insurer covers the liabilities in case the policyholder is responsible for any injury or loss to a third party. You back into your neighbours fence. As such these types of policies wont cover hail damage.

Third-party Liability Insurance Examples. This is basically the complete insurance package. Compulsory Third Party CTP Insurance and Motor Accident Injuries MAI Insurance provide cover for injuries to people who may be hurt or killed in a motor vehicle accident involving your vehicle.

This insurance provides cover for people injured caused by your vehicle in an accident. Compulsory third party CTP insurance called a green slip in NSW is compulsory in Australia. Conversely Third Party Property and Third Party Fire and Theft insurance are intended to pay for damages you cause to other vehicles and property.

This might include the driver of your vehicle other drivers passengers in your car and other vehicles pedestrians cyclists and motorcyclists. This is the type of insurance that covers everything from damages to your car and yourself in a collision to the third party and their property and also covers the fire and theft aspect of the Third Party Fire and Theft insurance. 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.