Bodily injury liability BIL and property damage liability PDL.

What is third party car insurance cover. Third-party liability car insurance prevents you from paying for the damage out-of-pocket and is the only type of car insurance thats mandatory across Canada. In that case your insurer will bear the expenses andor liabilities arising from such an eventuality. Third-party insurance covers you for.

Medical costs for anyone youve injured. There are two different types of third-party coverage for auto insurance and theyre both required in most states. Repair costs for vehicles damaged in an accident caused by you.

TP premium depends on the Cubic Capacity. Thats why you need to be prepared for the off-chance you cause an accident that results in property damage or injuries. However with a wide array of insurers agents and enforcers on the team investing in car insurance.

Premium is fixed by the IRDA and is constant across the insurance companies. 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. It acts as a cover on behalf of the insured person.

Suppose you hit someones car and caused them severe damages. The Motor Vehicle Act 1988 makes third party liability cover. 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.

But getting coverage has never been more accessible with third-party car insurance as the process has several hooks and nooks. Bodily injury liability BIL will cover you by paying for expenses if you injure someone in a vehicle accident. This policy safeguards the interests of those who might be injured or whose property might be damaged because of an accident involving the insured vehicle.