What is limited third party?
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. The strengths and weaknesses of these two types of car insurance depends on several underlying factors.
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 basic third party?
Third-party: Is the person who claims for the damages caused by the first party from the second party. In case the insured is held legally liable with the third party car insurance policy for injuries or damages caused to the third party, then the insured is indemnified with compensation.
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.