Article

Third Party Liability
September 12 , 2012

Third party liability is the only insurance that is made compulsory by law in India. In fact your vehicle can be confiscated if it hits the road without a valid third party liability cover. Third party legal liability covers the vehicle owner against claims arising out damage done to any other person due to the vehicle. Third party liability does no good to your vehicle's damages. It only takes care of legal claims from third parties. Insurance companies' outgo in third party liability claims exceeds premiums collected from them and as such you will hardly find any company selling third party legal liability. Third party liability is offered in a comprehensive policy, covering legal liability and damage to own vehicle.

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