Things You Should Know About Third Party Car Insurance

Car Insurance

While driving a car on the highways of India, the most crucial item you must have is auto insurance. It is critical that you purchase the appropriate auto insurance. To acquire or renew it, you must choose the correct service provider. Choosing the proper business can assist you in obtaining the greatest vehicle insurance policy.

Third-party liability insurance is one of the most well-known types of car insurance, and it is also the most cost-effective. Before you acquire third-party vehicle insurance, there are a few things you should know. We’ll go over the things you should know before buying third-party auto insurance in India in this article.

1. What is third party car insurance?

It is a type of automobile insurance in which a firm insures a person if he is legally accountable for injuries or damages caused to a third party as a result of a car accident. If the car collision is determined to be your fault, this will occur. You would not be able to make a claim for damage to your own vehicle under this type of policy.

2. What is covered?

The cheapest auto insurance is third-party liability, which protects you against third-party death and injury, accidental death of the insured vehicle’s owner, third-party property damage, and permanent disability of the insured vehicle’s owner. The insured is the first party, the company is the second party, and the third party is the person who files a claim after being injured by a first-party vehicle. This does not cover any type of car damage or theft. It also won’t cover you and your possessions.

3. Documents needed at the time of claim

In the case of third-party car insurance, you must notify the company of the damage by calling their customer service department during the accident or damage. The insurance company will arrange for the vehicle to be towed to the nearest garage. You’ll need the following documents to make the claim.

 A claim form signed by the insured

• Copy of vehicle RC

• FIR copy

• Copy of driving license

• Copy of policy document

 

These are just a few of the most important things to consider before purchasing third-party auto insurance. It is one of the most affordable types of car insurance, costing between Rs. 10000 and Rs. 12000. To purchase it, you must first choose the correct service provider who will be of assistance to you when you need it.

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