A third party car insurance policy ensures that if you cause an accident any damage to the other persons vehicle or.

What is third party in car insurance. Third-party car insurance or third-party property damage insurance is meant to provide compensation when claims for car or property repairs are filed against you. Even if you do everything you can to prevent damage or injury they still happen. Third party car insurance is the minimum level of cover you can take out - it is a legal requirement.

A car accident can happen to anyone even to the most cautious drivers. Damage to your car is not covered by third party car insurance. 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.

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. You can also add extra features to it for an additional premium to include cover for loss of or damage to your own car caused by fire or theft. Sometimes though rarely in the US car insurance is referred to as third-party insurance or third-party car insurance.

When you buy a car insurance plan remember to compare multiple plans online. Third-party only car insurance. See how our customers save big on auto insurance.

There are three levels of cover available to drivers in the UK. 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. In that case one of the mandatory coverages in your car insurance policy called third-party liability insurance is triggered.

As the name suggests this insurance is the bare minimum and will cover you for any costs that you may be obliged to pay out to a third party as a part of an accident. Unfortunately accidents often result in legal proceedings and lawsuits. 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.