What is third party insurance

Question

Accepted Answer

Third party insurance is a type of insurance that provides coverage for damages or injuries caused to a third party by the insured party.

It is a liability insurance that protects the insured against claims from another party.
It does not cover damages or injuries to the insured party or their property.
Common examples include auto insurance, where it covers damages caused to another vehicle or person in an accident.
It is mandatory in many countries for vehicle owners to have third party insurance.
Third party insurance is often cheaper than comprehensive insurance as it offers limited coverage.

Accepted Answer

Third party insurance vo hai jase humari car se koi thusra insan k accident ho jae vo humarko claim dene se bachata hai

Agar vo na ho to vo hume police case se bi bachta hai

Accepted Answer

Third Party insurance is low Premium but vehicle is not fully insured, but 0 depth insurance is fully covered and everything is covered

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