What is third party insurance?
The Basics of Third-Party Insurance. Third-party insurance is essentially a form of liability insurance purchased by an insured (first party) from an insurer (second party) for protection against the claims of another (third party). The first party is responsible for their damages or losses, regardless of the cause of those damages.
Do I need third party car insurance in the UK?
It is mandatory by law to get this level of protection while driving in the UK. With third party car insurance (or TPO), you are covered if you cause any accident or damage to someone else’s property when driving. It also covers personal injury caused to other passengers or road users.
How do I choose the best third-party shipping insurance?
When looking for the best third-party shipping insurance, consider your budget, where you need to ship your items, what their value is, and if your items are overweight or oversized. When looking for coverage basics, you want to ensure that you insure items for their value without over or under-paying for coverage.