What Does Your Third Party Insurance Policy Cover?

1. Third Party Insurance

2. What Does Your Third Party Insurance Policy Cover? Today the motor related accidents have substantially increased as compared to the earlier times. The reason for this is mostly because of the rise in the number of vehicles on the streets. Thus, one can never be sure about his or her safety, while driving their vehicle. Hence, it is important to take certain measures in order to avoid any major damage. The best form of precaution would be to opt for a third party cover; which is offered by many companies in India.

3. The Indian government has made it mandatory for all the vehicle owners to have third-party car insurance in order to drive on the roads. Thus, if you don’t have a motor insurance cover, you cannot drive your vehicle in India. There are a number of companies offering third party car insurance online, thus you can compare and get the best available insurance for yourself. By comparing, you can even get an insurance cover for yourself at lower premiums. Thus, the best option is to get an insurance cover for yourself and drive risk-free

4. Your third-party car insurance policy covers the following: • Financial damages: All the financial damages, caused by you to the third-party, will be taken care off by the third-party car insurance. If you get involved in an accident, your insurance will take care of all the property damages caused by you to the third-party. • Injury to the third-party: You can never predict the amount of damage that might be inflicted during an accident. However, by opting to the third party car insurance online, your policy will take care of all the injuries caused to the third-party. Thus, third-party car insurance acts as a shield and therefore, saves you from the medical expenses of the third-party. • A partial amount of disability: Any form of injuries sustained by the third-party during an accident will be taken care off by the third-party cover. Thus, in the times of crises, even if you are not sure of what to do, your insurance cover takes care of all the medical bills of the third-party.

5. Permanent disability: An accident might cause a minor injury, fracture or even a major injury at times. Even the other forms of injuries, which leave a permanent impact on an individual, are taken care of under the third party insurance. The insurance companies offer monetary compensation to the people who have sustained permanent disabilities such as loss of limbs or paralysis in course of an accident. Thus, even if money cannot make up for the loss of normal body functions caused by an accident, however, they do provide some assistance to that individual.

6. Loss of life: There are times when an accident leaves a horrific impact in its wake; causing death. The third party insurance also provides compensation when such an incident occurs. Mostly, this coverage is unlimited and provides financial assistance to the family members of the deceased. This compensation amount is decided on the basis of the factors such as the earning capacity of the deceased and his or her family member’s dependency on that individual.

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