Third party property is a type of car insurance policy that covers you for damage to other peoples property for example someone elses car home or shop.

What is third party property car insurance. It acts as a cover on behalf of the insured person. Third party property car insurance is the most basic level of optional car insurance available to drivers in Australia. 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.

Whats Third Party Property Damage Insurance for. Legal liability coverage auto liability insurance third-party liabilitywhatever the term its referring to an insurance policy that protects you against the financial repercussions of being sued for physical injury or damage to someone elses property. Third party property car insurance sometimes called Third Party Property Damage covers damage to other peoples vehicles and property.

It provides financial cover towards expenses if you cause damage to someone elses property such as their car home caravan or boat and towards the other persons repairs or replacement costs for an eligible claim. The Tata AIG third party provides coverage for any injury or damage caused to the third party and the third party property by the insured car. It covers you for damage.

What does Third Party Property Damage cover. Unfortunately accidents often result in legal proceedings and lawsuits. Basically third-party insurance is liability coverage thats purchased by a consumer first party from an insurance company second party to protect against claims from other people third party for injuries or damage the first party causes.

It covers only this and nothing else up to a certain limit commonly 20 million. This policy takes care of all the financial and legal liabilities of the insured car. This includes death and coverage will.

Well go into more detail about general third-party liability insurance as well as the specifics when it comes to. Third Party Property Damage Car Insurance covers damage you cause to other peoples vehicles and property while behind the wheel. So if the value of your car isnt huge third party car insurance may be enough cover for you.