Third-party insurance only covers this and nothing else except for some policies which partially cover damage to your vehicle as well even if you are at fault.

What does third party property car insurance cover. Third party car insurance is the minimum level of cover you can take out - it is a legal requirement. It covers you for damage. 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.

Third-party is defined as car insurance which covers you for damage to other peoples property for example their car or home up to a certain limit eg 20 million. 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. Whats Third Party Property Damage Insurance for.

Its a basic level of cover all our car insurance policies come with liability cover up to 20 million. 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. What Is Covered By Third-party Liability Insurance.

Injury to a driver or passenger in another car third-party injury Damage to another persons car. CTP is an abbreviation for compulsory third-party insurance. Except for our Damage caused by an uninsured driver standard feature or unless you have extended your policy to cover fire and theft up to 10000 this policy doesnt cover.

That means the CTP insurance you select when you register your car would pay for another partys personal injuries if you caused an accident. The policy does not provide any benefit to the insured. The insured person is termed as first party the insurer or the insurance provider is termed as second party and the person who is.

In other words when you purchase this coverage its designed to protect you financially if someone files a claim against you. Third party property insurance covers damage to other vehicles and property but not your own as well as your legal liability for property damage Want to protect your set of wheels. This cover is different to Compulsory Third Party insurance CTP.