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I Have Heard Getting A Third Party Insurance Is Compulsory. Is It True? |
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Answer» Yes you heard it RIGHT. Third PARTY insurance is mandatory as per law. Motor insurance is broadly classified as third party cover and comprehensive cover. Third party insurance is a basic vehicle insurance that covers all damages CAUSED due to the FAULT of the individual driving the vehicle. A Comprehensive motor insurance cover on the other hand offers a more comprehensive protection covering the damages caused to the driver's vehicle as well as any third party vehicle and individuals. Yes you heard it right. Third party insurance is mandatory as per law. Motor insurance is broadly classified as third party cover and comprehensive cover. Third party insurance is a basic vehicle insurance that covers all damages caused due to the fault of the individual driving the vehicle. A Comprehensive motor insurance cover on the other hand offers a more comprehensive protection covering the damages caused to the driver's vehicle as well as any third party vehicle and individuals. |
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