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Third Party Insurance: The Coverages Available

If you drive a motor vehicle in India, you might be aware of the fact that you need to have insurance: a regular motor vehicle insurance and a third party insurance. A regular motor vehicle covers the expenses incurred to you due to the damages caused in a road accident. On the other hand, a third-party insurance covers the expenses incurred by the third party due to your mistakes. Let’s understand this with an example. Let’s say while parking your car you commit a minor accident. You damage your car and the one standing beside you due to your mistake. In the given circumstances, you are liable to pay for the damage caused to your car as well as the damage caused to the other car. That’s when you need a third party insurance. A regular car insurance covers the damage caused to your own vehicle but they won’t pay the money you owe to the third party. The same is the work of the latter insurance scheme. 



What Is A Third-Party Insurance? 

A third party car insurance coverage is a type of insurance coverage that offers you coverage against any injury, harm or damage or legal liability cause to a third party. These may happen due to the fault of the car owners.

What All Does It Cover?

● Injury or accidental death to a third party
● Any damage occurring to any property owned by a third party

In the end, you can save yourself from paying the premium of two insurance policy by choosing a comprehensive motor vehicle insurance policy. The said policy covers both the aspects mentioned above.  

Related Read: What Is Covered Under Third Party Car Insurance Policy?
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