Last Updated on July 29, 2019 by Gopal Gidwani
As humans, we tend to make mistakes. In the course of daily life, we are unaware of any peril coming our way. It happens, sometimes we unknowingly become the culprit of an accident on the way. The next moment we start worrying about the damages caused to the other person in the accident.
Third party insurance is mandatory under the Indian Motor Vehicle Act, 1988. Third party insurance covers the damages and the injuries you may cause to the third person. It is a mandatory thing to protect you from the liability of the third party in case of an unforeseen accident. Third party car insurance is a small premium that helps you and your family in the long run and keeps you safe within the compliance of the law.
As the third party car insurance policy is mandatory, it is essential to know the expenses covered under the third party car insurance. Let’s take a sneak peek about the inclusions of this plan.
a) Death
In case of accidental death of a third party, the insurer, acts as a shield for you.
b) Bodily Injuries
If the third parties sustains bodily injuries in the accident or face partial or permanent disability, then the insurer offers them the required compensation.
c) Property Damage
If you have caused any damage to the third party during an accident, then your insurance provider will cover the cost of their damages.
There are also some exclusions in the third party car insurance.
a) Vehicle
The third party car insurance policy does not cover your own vehicle damages in case of an accident.
b) Belongings
The insurer does not cover the losses if your car or belongings are stolen or destroyed.
c) Injuries
The policy does not have the cover for the injuries you suffer in an accident.
Claim Process
It is an absolute must for the policyholder to know the car insurance claim process so they can act accordingly if a situation arises where they might need to file one. An individual can claim for hospital expenses if he has caused bodily injuries, partial or permanent disability in an accident. Also, they can claim for the medical cost in case of the death of a person in an accident.
The inspection officer’s report, original bills, and surveyor’s report are needed while claiming the property damage. Claimant gets the claim amount only after proving the other person responsible for the incident in the court. An individual cannot claim compensation for the same damage more than once.
In today’s hectic schedule, nobody wishes to take the pain for a minimum damage. One wishes to make it done through own damage claim. However, the people who totally depend on third-party car insurance should unfailingly note down the registration number of the party at fault.