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What are the risks covered by a Third Party Car Insurance Policy?
Wiki User
∙ 8y ago
In third party car insurance policy following risks are covered:
Liability when death or injury is unlimited
Death or Injury caused to a third party
Damage caused to third party property
Wiki User
∙ 8y ago
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What if your car is stolen and you have third party only cover?
I think you are not covered. Third party insurance only covers you for damage to other peoples cars. If you have third party, fire and theft then you would be covered.
When will your insurance company pay for your collision claim?
If your Motor Car policy covers First Party and your car gets damaged by a collision, the insurance co. will pay for that. Whereas when there is Third Party coverage in your policy and a third party's car gets damaged by your car, the third party's claim will be borne by the insurance co.
What if a third party buys life insurance on person dying?
A third party can't buy a life insurance policy as they have no insurable interest; such as grandparent's taking out a policy on their grandchildren. As to taking out a policy when they're dying, the policy plan would prohibit issuing the policy.
What is the difference between comprehensive and third party insurance?
Comprehensive coverage is covers the interests of the named insured. A third party insurance policy will not cover you. It only covers the interests of that named third party insured.
Do you have to let your insurance company know you were in an accident that was your fault if you have not heard from the other party or your insurance?
yes,because i might be covered with the third party
What are third parties.?
A contract between two people is between the first party and the second party. Anyone else is a third party. An insurance policy is a contract between a driver and an insurance company and deals with injury to someone else, who is a third party.
Can you get third party insurance to cover your ipod?
Personal possessions are usually covered on your homeowners or renters insurance policies.
Why is third party auto insurance a bad thing?
These types of policies include first person policy third-party policy .... One thing you can add to auto insurance policy is uninsured driver scope. ... auto license can be stopped without your interposition and that is a bad thing! ...
What is covered under third party car insurance?
There are several different types of third party car insurance, including fire damage and theft. The specific types of coverage in a given contract can be arranged with an insurance agent.
What are the difference between the Insurance policy and insurance certificate?
The insurance policy is the product you have purchased, it has lots of definitions, clauses and limitations. The insurance certificate is issued to you so that you can prove to a third party (eg the police if it is for auto insurance) that you have a valid insurance policy.
What is meant by third party liability in marine insurance?
A person other than the parties to a liability policy (i.e., not the insurer nor the policyholder) is a third party.
Is it legal to drive a car that is not insured on your insurance?
It is illegal to drive a car that is not insured for at least third party cover (i.e. if you hit someone then they - but not you - will get paid out). Therefore if the car is not covered on an insurance policy that YOU have then to drive it you would need to be covered on someone else's insurance. Some people hold insurance policies that allow anyone (with permission from the owner) with a valid license to drive the car and in this case you would b covered on this policy - many company cars have this sort of policy. It is you DUTY to make sure that you/the car has as covering policy before you drive it and that you can PRODUCE this policy for the police should they require you to do so.
