Third Party Auto Insurance

[Mika]

You can get different kinds of insurance for your vehicles and third-party insurance is one of them. This insurance provides coverage when your vehicle hits someone and you are required to provide financial compensation for this person. This policy is different than normal auto insurance. Normally, when you have auto insurance and when you encounter an accident, your insurance company will provide compensation for the damages on your vehicle. If you have injuries due to the accident and if you have a life insurance policy or even health insurance policy, you will get compensation. However, third-party auto insurance pays to the person who is a victim of the accident. This policy will provide coverage for the damages on another person’s vehicle as well as compensate for the medical bills in a situation when the person is injured badly.

Third-party insurance policy not only provides coverage for the driver and his vehicle but also for pillion riders. How much coverage the policy will provide depends on the type of policy you have bought. In our home country, third-party auto insurance is a must. You cannot pay your vehicle taxes without paying for third party auto insurance. Do you have third-party insurance? Is third-party insurance mandatory in your country?

 

[Bisolami]

You can get different kinds of insurance for your vehicles and third-party insurance is one of them. This insurance provides coverage when your vehicle hits someone and you are required to provide financial compensation for this person. This policy is different than normal auto insurance. Normally, when you have auto insurance and when you encounter an accident, your insurance company will provide compensation for the damages on your vehicle. If you have injuries due to the accident and if you have a life insurance policy or even health insurance policy, you will get compensation. However, third-party auto insurance pays to the person who is a victim of the accident. This policy will provide coverage for the damages on another person’s vehicle as well as compensate for the medical bills in a situation when the person is injured badly.

Third-party insurance policy not only provides coverage for the driver and his vehicle but also for pillion riders. How much coverage the policy will provide depends on the type of policy you have bought. In our home country, third-party auto insurance is a must. You cannot pay your vehicle taxes without paying for third party auto insurance. Do you have third-party insurance? Is third-party insurance mandatory in your country?

I once got job to a third party insurance company and I am glad that you gave the exact explanation on how the third party insurance company works.
It is true that it involves the third party which means that if your car hits someone, the insurance company will foot the bill of taking care of the individual instead of you looking for the money to do that.
I think that is nice because we never can tell what and when that will happen so we need to be at alert and also think about days like that. It is a nice one