Third Party Insurance
As per provisions of Motor Vehicle Act 1988, no person can use the vehicle in public place unless the vehicle is covered by a insurance policy with minimum coverage of Third Party Liability. The mere presence of a motor-vehicle in a stationary condition in a public place will constitute the “use”. Accordingly Liability Insurance cover is mandatory cover for vehicles. Liability only policy not only covers Third Party Property Damage but also provides cover for Death or bodily injury to third party. Liability only policy can be taken for private car, two wheeler & commercial vehicles also.
Why you need Third Party Insurance?
As the name suggests, this policy covers the liability that may arise out of the use of your vehicle i.e. third party damage. As per the Motor Vehicle Act 1988, the use of any vehicle in a public place is prohibited unless the vehicle has been covered with at least a limited liability insurance policy. ‘Use’ may also imply a stationary vehicle and not necessarily moving. A limited liability vehicle insurance covers for any damage that may have been caused to a 3rd party vehicle by the vehicle insured or any bodily harm caused to the owner/driver of the 3rd party vehicle.
Why should you invest in Tata AIG Third Party Insurance?
- It is mandatory by law
- Covers any damage to a 3rd party vehicle because of the insured vehicle
- Covers any injury or death to the owner-driver of the 3rd party vehicle caused by the insured vehicle
- You can buy the third party car insurance or third party bike insurance on TATA AIG’s website
- The claim process is the easiest and fastest