Insurance For Car Third Party
This insurance pays compensation to the third party for the injuries death or property damage caused during an accident due to your fault.
Insurance for car third party. Third party two wheeler insurance. Third party car insurance covers the damage caused to other people involved in the accident. So this is usually the other driver involved in an accident. Third party insurance protects you against losses which occur due to bodily injury or death to a third party or any damage to that person s property.
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. Did you accidentally collide with another person s vehicle or property. Insurance providers may charge a higher annual or monthly insurance fee than the other two main types of car insurance policy fully comprehensive and third party fire and theft because third party policies are typically designed for higher risk drivers. Get complete peace of mind while driving with third party car insurance from bajaj finserv.
This covers you in the event of any damage caused to a third party or their property. Third party car insurance. Third party insurance and comprehensive car insurance. 7 5 lacs towards third party property damages.
If yes do not worry as we cover upto rs. The third party car insurance plan offers compensation for injury death of a third party as decided by a court of law and third party property damage up to rs 7 5 lakh. Third party car insurance. Third party car insurance.
But if you ve got a cheaper car that doesn t necessarily mean you should give comprehensive insurance a miss. It is mandatory by law to have third party insurance. The most basic kind of car insurance that you can get is third party insurance. Your third party car insurance offers coverage to all liabilities related to medical needs of a third party.
There are two types of car insurance. Third party property insurance most often suits someone with a cheaper vehicle who s more concerned about affording repairs on someone else s car than their own 3. Comprehensive car insurance policies offer compensation for damage caused to the insured vehicle as well as the injury death of a third party. Third party car insurance is a risk cover under which the insurer compensates any legal liabilities claimed by the third party involved in an accident where the insured vehicle is at fault.
A car that you crash into for example. Third party car insurance is the minimum level of cover you can take out it is a legal requirement.
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