Third party insurance is mandatory motor insurance policy that cover third party related financial and legal libilities caused due to an accident from a insured vehicle. third party car insurance offer compensation in case of third party death, injury and third party property damage.
A car owner needs third party insurance since it save him/her from legal liabilities accidental liabilities, or property damage of third party resulting due to an unfortunate event. in addition to this the policyholder does not have to worry about paying off for medical expenses that the third party has incurred due to accidental injuries or death.
While there is no coverage limit in the case of death, property damage coverage is limited in case of car insurance. the compensation offered in case of third person liabilities depend on age, income, profession and status of the third person. it is highly recommend to get third liability insurance if the insured vechile is more than 5 year old.
