Car Insurance Third Party Renewal

Any losses arising due to damages or injury caused by the insured to a third party or third party s property are covered under the third party vehicle insurance policy. Third party car insurance is a mandatory requirement for all car owners in india. 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.

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Third party car insurance is a risk cover under which the insurer compensates any legal liabilities claimed by the third party involved in an accident where the insured vehicle is at fault.

Car insurance third party renewal. Whilst it also protects your pocket from any losses that could arise if your car were to damage any third party vehicle person or property. Two wheeler insurance refers to an insurance policy taken to cover against any damages that may occur to you your motorcycle bike two wheeler due to an accident theft or natural disaster. It offers protection to the policyholder against legal liabilities in case there is an involvement in an accident. A third party car insurance is one of the most important essentials you need for your car.

A third party car insurance is mandatory by the motor vehicles act in india without which you will be liable for a heavy fine. Third party car insurance. As per the indian motor vehicles act a third party liability cover is a must and a basic requirement under a vehicle s insurance policy. 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.

Comprehensive car insurance policies offer compensation for damage caused to the insured vehicle as well as the injury death of a third party. Not renewing your insurance plan can prove to be a costly mistake in a scenario where you meet with an accident and are not having a valid car insurance then you would have to pay expenses related to any bodily injury to third party or any damage to the third party property from your own pocket. The third party car insurance plan offers compensation for injury death of a third party as decided by a court of law and third party property damage up to rs 7 5 lakh. 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.

Driving without valid insurance is punishable under law. Third party car insurance. No our third party property damage car insurance covers other people s vehicles and property in the event of damage caused by the use of your car. If you buy third party car insurance you ll still need to register your car and if you live in nsw qld sa or act purchase separate ctp insurance which is known as green slip in nsw.

Third party two wheeler insurance. Types of car insurance third party car insurance. 2 wheeler insurance provides protection against third party liabilities arising from injuries to one or more individuals.