Must Know Facts About Third Party Insurance
According to the Motor Vehicles Act of 1988, every vehicle plying on Indian roads must have a valid third party insurance. It has a number of benefits as it covers the legal and financial liabilities apart from providing personal accident cover up till the prescribed limit of the policy. To avail an insurance, you can visit the insurer or purchase the third party insurance online which will also help save a lot of money. What is a Third Party Insurance? It is an insurance policy which kicks in in case of any unfortunate event wherein the insurer pays you for the legal and financial liabilities incurred due to the damages caused by your vehicle to a third party. What this entails is that if your car were to get involved in an accident with another vehicle and you are the one at fault, then any liabilities which you have to pay to the driver of the other car will be borne by your insurance company and paid on your behalf. Inclusions of Third Party Insurance If your car is insured un...