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What is third party insurance?


Asked By: Asmee Varghese



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Town And Country Planner Telecom Ui Sharepoint Affiliate Raipur India


Definition of 'Third Party Insurance', It is referred to as a 'third-party' cover since the beneficiary of the policy is someone other than the two parties involved in the contract (the car owner and the insurance company). Third-party insurance, the most common example being auto insurance, is a policy designed to protect against the actions or claims of a third. It's only human to be selfish. The main purpose of a Third-Party car insurance is to cover you from losses and damages caused to a third-party due to your own car. It covers third-party property damage and provides liability cover to the insured in case of injury or death to the third party.

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