Things You Should Know About Third Party Car Insurance

 

Things You Should Know About Third Party Car Insurance

A car insurance is the most important thing that you are required to have while driving a car on the roads of India. Buying the right car insurance is very important for you. You need to choose the right service provider to buy or renew it. Choosing the right company would help you get the best policy for your car.

One of the well-known car insurance is third party liability, which is the most economical insurance coverage option you can get. There are a few things that you should know about third-party car insurance before buying it. Here in this article, 

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1. What is third party car insurance?

It is a kind of car insurance in which the company insures a person if he is legally liable for injuries or damages to occur due to the car accident to any third party. This will happen if the car accident turns out to be your fault. In this type of car insurance, you would not be able to claim for the damage to your own.

2. What is covered?

The third party car insurance is the cheapest car insurance, which covers you against the death and injury to any third party, accidental death of the insured vehicle's owner, damage to third party property and permanent disability of the insured vehicle's owner. In this insurance, the insured is the first party, the company is the second party, and the person, who claims after the injury from first party vehicle is the third party. This will not cover any kind of damage and theft to your vehicle. It will also not cover you and your belongings.

3. Documents needed at the time of claim

In case of third party car insurance, during the accident or damage, you'll need to intimate the company about the damage by calling on their customer care department. The insurer will arrange to tow the vehicle to the nearest garage. To make the claim, you'd require following documents.

• A claim form signed by the insured

• Copy of vehicle RC

• FIR copy

• Copy of driving license

• Copy of policy document

These are few of the most important things that you must know before buying a third party car insurance. It is one of the cheapest types of car insurance, which will cost you between the range of Rs. 10000 to 12000. To buy it, you should choose the right service provider, which will be helpful for you at the time of need.

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