Motor third-party insurance or third-party liability cover which is sometimes also referred to as the act only cover is a statutory requirement under the Motor Vehicles Act.

What is 3rd party insurance for car. Definition of Third Party Insurance Definition. Third party car insurance covers injuries or death of third parties due to an accident. Scrutinize all of the points mentioned above and then decide on the best car insurance for young drivers.

If youre interested to find out more about What is 3rd Party Insurance for Car. So if you have a very tight budget settling for third party cover may be a better option. It offers protection for drivers if theyre at fault in an accident and the other party is hurt or even killed.

Third-party only car insurance. It covers the victims property and any medical costs due to injury. The own damage covers the loss or damage to the car due to insured perils while the third party covers the death of third party.

Third party car insurance is a motor insurance contract that ensures protection of the vehicle owner against any unforeseen accidental liabilities arising out of third party vehicle damages property damages bodily injuries disability and death. TP premium depends on the Cubic Capacity. Rest assured that this isnt a totally separate car insurance policy or an extra type of coverage you need to buy if you have auto liability coverage which is required in most states you have third-party car insurance.

Your third-party liability auto insurance questions answered. Third-party liability insurance is mandatory coverage for all drivers in Canada. A 3rd party car insurance policy is a legal requirement for driving a car in India on public roads.

Third-party car insurance plans are cheaper than comprehensive plans. Even if you do everything you can to prevent damage or injury they still happen. Third-party insurances are the bare minimum and are the least required.