You would be liable for the damage caused to the car youre driving.
What is covered under 3rd party car insurance. A third party car insurance policy ensures that if you cause an accident any damage to the other persons vehicle or property will be paid for by your insurer. Your third-party liability covers the following. What Is Covered By Third-party Liability Insurance.
Drivers are recommended to buy extra coverage from private insurers. What Is Covered Under Third Party Car Insurance Policy. TP premium depends on the Cubic Capacity.
This may include damages to someones property causing death or bodily injuries. This can include medical bills legal fees lost. Third-party liability insurance or TPL refers to coverage on the automobile policy that helps the insured to claim for legal expenses for damages to others.
A third party cover acts as a shield to the insured person as it helps bear the cost of the third partys injuries. In other words when you purchase this coverage its designed to protect you financially if someone files a claim against you. Repair costs for vehicles damaged in an accident caused by you.
Third party car insurance covers injuries or death of third parties due to an accident. Third-party liability insurance in Saskatchewan covers damages to your vehicle caused by another vehicle property or injury to persons but the benefit is quite small. We already mentioned that third-party liability insurance coverage provides you with the finances needed to pay other parties that sue you for causing an accident.
Third party insurance protects customers against financial ruin from potential claims for injuries or damages they may cause to another person. The deductible is the amount you must pay before your basic plate insurance covers the rest of the costs. You can also choose Add-ons with such a policy.