Third-Party Liability Insurance Coverage – Everything You Must Know About Your Motor Insurance

Car insurance is mandatory in India. Upon purchasing a four-wheeler, obtaining an insurance policy is essential. Third-party car insurance is a type of coverage that offers protection against all third-party liabilities. It is mandatory to have this coverage.

Features of a third-party car insurance cover

There are many advantageous features of third-party car insurance such as:

Inexpensive

A third-party motor insurance plan is inexpensive. The IRDAI regulates this coverage and has a fixed cost that all insurance providers offer. This is a basic, no-frills, insurance coverage that offers protection for any type of third-party liability. It is a legal requirement for you to have this cover, so getting it keeps you on the right side of the law as well.

Easy to find

Every motor insurance company in India offers basic third-party coverage. These motor insurance plans are largely sold online, so finding and purchasing one is never difficult. No background assessment or pre-policy evaluation is required, and this allows you to get the plan instantly whenever you want.

Wholesome

A third-party plan has wholesome coverage. You can expect the following covers under such a policy:

• Third-party vehicle damage - If you happen to crash into another vehicle and cause damage to it, you will be liable to pay the repair costs. The insurance provider will do so on your behalf.

• Third-party property damage - If you crash into the gate of a building or the wall of a house, the insurer will pay the third-party compensation on your behalf.

• Third-party bodily injury - If a third party is injured in a road accident involving your vehicle, the insurance provider will pay him for the treatment costs on your behalf.

• Legal expenses - If you are taken to court by a third party over an accident-related issue, the insurance provider will cover your legal expenses.

Personal accident cover

This is a very beneficial feature of a third-party plan, where you get a life cover. The insurance provider will pay a sum assured to your nominees if you happen to die or are left disabled in a road accident. This is a fixed and pre-decided sum of money that your family can use after your demise or income loss (due to disability).

Third-party car insurance

As stated, there are many third-party car insurance plans available. Refrain from being casual about it when making a purchase. Choose a good option from a reliable provider like Zurich Kotak General Insurance. You must also remember that a third-party plan will not cover your own vehicle, so either get your own damage cover or a comprehensive car insurance that includes the third-party and your own vehicle covers.

The final word

As you can see, a third-party plan is quite beneficial and you must get a good policy right away. Keep all the points mentioned above in mind and find the best option from the best insurer. Keep yourself and others protected with excellent motor vehicle insurance.