Third Party Insurance is a Liability insurance purchased by the insured (first party) from an insurance company (second party) for protection against possible suits brought by another (third party).
The basic insurance/third-party liability covers third-party persons. But if you have comprehensive car insurance, it not only covers you, third-party persons but also your car.
Third party liability insurance is useful if you are blamed for having caused an accident and someone wishes to file a claim against you. With third party insurance you are insured for claims up to a predetermined amount.
The third party is the injured party to whom any compensation is paid
Yes, Blue Cross Blue Shield Insurance company is a third party payer just as all medical insurance companies are third party payers.
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
Like other vehicle insurance, van insurance can be broken down into three general categories. These are Fully Comprehensive Insurance; Third Party, Fire, and Theft Insurance; 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.
Most good insurance brokers can offer third party car insurance as this is the most basic type of insurance offered. Just request it when getting a quote.
third party is a party except insured or insurer, who may be subjected to a loss involved with the insured
Third party insurance basically protecting yourself from the actions of another persons. It covers the damage you caused to a third party only - injury, death, and/or property damage caused to a third party in the event of an accident caused by the use of the vehicle.
It is always cheaper to buy insurance direct then through a third party. Going through a third party can have other fee's you have to pay.
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.