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 third party insurance covers. This includes both their own passengers people in another car and pedestrians. Repair costs for vehicles damaged in an accident caused by you. In other words when you purchase this coverage its designed to protect you financially if someone files a claim against you.

If you are involved in an accident third party car insurance will typically cover you for. A third party car insurance policy ensures that if you cause an accident any damage to the other persons vehicle or property will. It is referred to as a third-party cover since the beneficiary of the policy is someone other than the two parties involved in the contract the car owner and the insurance company.

Since the third-party insurance cover. Third-party insurance which is also sometimes referred to as act-only insurance is a statutory requirement for all vehicle owners as per the Motor Vehicle Act. Third party car insurance is the minimum level of cover you can take out - it is a legal requirement.

Maybe you would like to learn more about one of these. Insurans Third Party Motor. 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.

What Does 3rd Party Motor Insurance Cover in Nigeria. However third-party fire and theft policies are the next step up in terms of 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.

It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle personal property and physical injury. Your third-party insurance would cover the cost of the other persons car and medical expenses. 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.