Car Insurance Renewal Third Party Only

Following are the exclusions for a third party insurance.

Car insurance renewal third party only. A accessories and spare parts by fire and or theft only towing. Benefits for your car. As per the motors tariff act 2002 it is mandatory for every vehicle owner in india to have at least a third party only car insurance policy. B loss or damage by theft.

Since 3rd party insurance provides narrower coverage as compared to a comprehensive car insurance policy it is more affordable. A towing to repairers or places of safety following accident. When opting for a third party only car insurance policy you must be aware of what benefits you re missing out on. Accidental loss or damage to.

Not only will you lose out on the renewal discounts but also have a break in policy. Third party fire theft. Let s take a look at what third party car insurance does not cover. Bajaj allianz third party only car insurance policy gives you a comprehensive coverage against any liabilities arising due to damages suffered by a third party.

The third party liability car insurance policy is generally chosen by individuals who want to buy car insurance as it is mandatory by law. Cost of damages to a vehicle or the belongings in the vehicle in case of an accident. Cover for losses incurred if your car or belongings are stolen or destroyed. The primary purpose of car insurance is to provide financial protection against physical damage arising from road accidents and against liability resulting from incidents involving third party vehicles property person.

We strive to provide you the much needed comfort and help in case of a mishap with our third party motor insurance policy and cover you. Why do you need third party car insurance. While choosing a third party only car insurance policy over a comprehensive insurance policy you must consider the exclusions i e. A accidental loss or damage by fire.

A third party car insurance policy provides the most basic coverage and is more affordable as compared to a. Importance of third party car insurance. As per the motor vehicles amendment act 2019 the fine for the first offence of driving without insurance policy is rs 2 000 and or imprisonment of up to 3 months and for the second time offence of driving a vehicle without insurance policy then you will be liable to pay a fine of rs 4 000 and or imprisonment of up to 3 months. Areas events not covered by third party car insurance.

A third party car insurance is a four wheeler insurance policy that provides financial protection to the insured car s owner against any loss or damage to some third party. Damage to your own car or belongings in the car in case of an accident theft or fire. Car insurance also known as motor or vehicle insurance is insurance for cars trucks cabs and other four wheeler plus vehicles.