As third party insurance only covers damage to a third party but not your own vehicle it tends to be the most affordable option when it comes to insurance.

What does third party insurance cover you for. Basically third-party insurance is liability coverage thats purchased by a consumer first party from an insurance company second party to protect against claims from other people third party for injuries or damage the first party causes. Third-party liability coverage is the portion of an insurance policy that protects you if youre sued or threatened to be sued for a physical injury or damage to someone elses property. What Does 3rd Party Motor Insurance Cover in Nigeria.

Third party car insurance is the minimum level of cover you can take out - it is a legal requirement. It will also cover you for an emotional shock claim against you by a party who is not directly involved. Thats why you need to be prepared for the off-chance you cause an accident that results in property damage or injuries.

Legal fees and lawsuits as a result of the accident. Your third-party insurance policy covers you for the other partys material damage but it extends to personal liability cover for an event outside South Africa. The coverage is specifically meant for the insured driver andor owner of the vehicle.

Jumat 13 Agustus 2021 Insurans Third Party Motor. Since the third-party insurance cover. The insured person is termed as first party the insurer or the insurance provider is termed as second party and the person who is.

Your third-party liability covers the following. Medical costs for anyone youve injured. 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.

It provides compensation for people injured or killed in a car accident that is deemed to be not their fault. But what does that mean. However it covers the insureds legal liability for deathdisability of third-party loss or damage to the third-party property.