Third party liability car insurance offers cover against any legal liability to a third party caused when you are at fault. As per the Indian Motor Vehicles Act, a third party liability cover is a must and a basic requirement under a vehicle’s insurance policy.
Cover for causing accidental injury or death to the third party
Cover for accidental damage to the third party's property
Discount on your insurance premium if you’ve not claimed anything on your policy
A third party insurance of car covers for the expenses incurred as a result of the following reasons:
Damages to a third party vehicle
Damage caused to a third party property
Injuries caused to other people in an accident
In the event of a car accident, the parties involved are as follows:
First party: The insured person or policy holder
Second party: The insurance company
Third party: The person who claims for the damages caused by the first party
In an event where an insured person with a third party insurance policy is held legally liable for injuries or damage done to a third party, then his/her insurance company indemnifies the insured person.
You will be required to furnish certain details to your insurance provider after an accident.
Date, time and a brief description of the accident
Details of weather and visibility conditions at the time of the incident
Personal details and insurance information of any other drivers, vehicles
A description of any injuries to drivers or passengers, and the damage to other vehicles or property
Any photographic evidence you may have collected at the scene
Contact details of any independent witnesses
If the police attended the accident, give your insurer their contact details and a Crime Reference Number, if relevant
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