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What is full third party insurance


Third-party insurance offers protection against damages to the third-party by the insured vehicle. It covers physical injuries, damages to the vehicle, damage to the property, and death. Exclusions. Third-party insurance does not provide any compensation, if: The accident was caused due to drunken driving.

What is full third party?

Full third party Insurance is an upgrade to Act Only insurance in that apart from covering death and injury liabilities, the insurance also covers you for property damage belonging to third parties. Full third party insurance can be extended to include fire and theft for your own vehicle at a reasonable amount.

What are two types of third party coverage?

The two main categories of third-party insurance are liability coverage and property damage coverage.

What is meant by a third party insurance?

A third-party claim is a claim filed by someone other than the policyholder or insurance company. If you're in a car accident that someone else causes, you can file a third-party claim with the other driver's insurance for your covered accident-related expenses.

What is difference between comprehensive and third party insurance?

One major difference between third-party insurance and comprehensive insurance is the range of protection offered to you and your vehicle. While a comprehensive plan provides multiple protection covers for you and your vehicle, a third-party cover is limited to offering protection against the claims of a third party.




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