Motor Third party insurance
can’t do without it. It goes beyond the law. It’s illegal and you will likely get into trouble if you don’t have it.
According to the Motor Vehicles Act, every car in India at least needs a Third-Party Car Insurance to be able to drive on Indian roads legally. However, that’s not what should actually worry you. It’s only human to be selfish. Just a little bit, no? A Third-Party Insurance basically covers for all expenses that arise in cases where you (of course, while driving!) happen to damage any third-party. Whether that’s a third-party property, person or even another vehicle itself. So, whether you want to be the good chap in the eyes of law or, want to protect yourself from unplanned, highly possible and super unfortunate expenses…then you essentially require an insurance that covers for third-party damages and losses, i.e a Third-Party Insurance.
What is Covered in Third Party Insurance?
Personal Damage to Third-Party
God forbid, someone loses their life or is injured due to your car, your third-party insurance will compensate for all expenses involved. Because life is so invaluable there is no limit up to how much will be compensated in this case.
Property Damage Compensation
Life is no action movie and if you bump into a property or another vehicle, leading to damages (yes, even hitting a street lamp is counted) you can’t just get away with it. You need to compensate for the loss and luckily, your Third-Party Car Insurance will do that for you, for up to Rs 7 lakhs.
Personal Accident Cover
Whether you purchase a Third-Party Car Insurance or a Comprehensive/Standard Car Insurance, it’s essential that you have a personal accident cover. With this cover included, your Third-Party Car Insurance will also cover for your personal injuries in the case of an accident.
