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.

What is third party car insurance definition. 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. Third party car insurance can be defined as liability insurance that is designed to provide protection to other motorists and property owners for the damage you cause. 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.

The term third-party car insurance refers to the coverage that kicks in if you cause damage to another person their vehicle or other property not owned by you. 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 Mean.

A 3rd party car insurance policy is a legal requirement for driving a car in India on public roads. This may include damages to someones property causing death or bodily injuries. One reason to have car insurance is that in most states its required by law.

Definition of Third Party Insurance. A third party car insurance policy ensures that if you cause an accident any damage to the other persons vehicle or. So this is usually the other driver involved in an accident.

It covers damages and injuries caused by the insured vehicle to a third-party person or property. What Does Third Party Insurance Cover. Third party insurance is an insurance policy that covers property damage caused by someone who isnt the insured.

Third party liability coverage is a part of the insurance policy that addresses issues when you as a driver either damage somebodys property or cause somebodys injuries or death and have to deal with legal responsibility. Third party car insurance is the minimum level of cover you can take out - it is a legal requirement. Third Party Car Insurance covers damage to other peoples vehicle or property.