Sunday, July 22, 2018

Business

Third Party Liability is an interesting feature of a car insurance policy as it protects you against third party liability. Read to know more!
All You Need To Know About Third Party Liability in Car Insurance
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star sidharthkapoor116 14 hours ago
    Third Party Liability in car insurance is a type of insurance policy in which the insurance company provides coverage to the insured against the claims of another party.       -The first party is the policyholder i.e. you.       -The second party is the Insurer.       -The third party is the other person/property involved in the accident i.e. the claimant. It is being referred to as third party cover because the beneficiary is someone other than the insured and the insurer. This cover is essential to protect you from third party liability arising out of road accidents. Third Party Liability Insurance is also compulsory under the Indian Motor Vehicles Act. Coverage of Third Party Liability Insurance [A] It covers damage to property except the property belonging to the policyholder i.e.   your own property, or property held in your trust or custody or control where you are the policyholder. [B] It covers the death of or...
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