December 28th, 2007What is Third Party Insurance?
Third Party insurance the basic kinds of auto insurance reporting include:
* Third Party Insurance
* Comprehensive Insurance
About Third Party Insurance Third Party Insurance covers:
a) Personal Injury
b) Property damage
Third Party Insurance cover for Personal damage includes:
* Legal responsibility to employees linked with operation of the vehicle – this means you are assure alongside death or injury (caused by your vehicle) to the vehicle’s drivers, cleaners, conductors, coolies etc. , employees used in the process of the vehicle.
* Legal responsibility for death or injury to third parties – this means that you are insured against death or injury (caused by your vehicle) to pedestrians, occupant of other vehicles, and outsiders other than passengers, for unlimited amounts. Passengers of private vehicles and pillion riders are also thinks covered.
* Legal responsibility to passengers carried in the vehicle for hire or recompense – this means that as an owner of a taxi, bus or auto – rickshaw, you are insured against death or injury (caused by your vehicle) to the passengers
