Third-party car insurance is a type of motor insurance that will protect the car owner from any legal liability that may arise in the event of an accident. It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle.

Every insurance policy has a mandatory third-party insurance cover as per the Motor Vehicle Act, 1988. If car A hits car B, usually car B files for insurance instead of car A covering the costs. This is because of the lack of awareness about third-party insurance.

According to the Motor Vehicle Act of 1988, third-party insurance is a statutory requirement. The owner of the vehicle is legally liable for any injury or damage caused. If they do not have the money to cover the damage costs, then they can file a claim on their insurance. The insurance will then cover the costs of damage or injury to a third party.

Benefits Of Third-Party Car Insurance

Third-party car insurance is beneficial in several aspects, which are listed below.

• Provides legal coverage and financial assistance: The owner of the vehicle’s insurance will handle the financial burden.

• Peace of mind: People will be able to deal with the traumatic situation rather than constantly thinking about the financial payments.

• Fast and easy process: Third-party car insurance is easily accessible and renewable. It can be obtained by searching for third-party car insurance online.

• Affordable premiums: Third-party car insurance is comparatively cheaper than other insurance as it only covers the damage costs of other people and their property.

• Legal liability protection: The insurance will help one cover all legal costs and settlements if the other party decides to sue the offender.

• If the police ask, provide details of your insurance company and note the FIR number if there is one. If the accident wasn’t your fault, you can claim for vehicle hire, repair costs, and injury compensation.

Steps To Claim Third-Party Car Insurance

Follow the steps given below to learn how you can claim your third-party car insurance.

1. File an FIR.

2. Obtain the third-party motor insurance details of the car owner.

3. Notify the insurance company.

4. Submit evidence to support the claim.

5. The insurance company will start an investigation to evaluate and assess the extent of the damages. 

6. Wait for the response of the insurance company to know if the claim will be granted or not.

When Can A Person Claim Third-Party Insurance?

Here are the circumstances under which you can claim third-party insurance.

• Damage caused to another vehicle

• Injury or death of a third party

• Damage to the third party’s property

• If the vehicle hits a pedestrian

• Injury caused to the passenger inside the insurer's car

Essential Information To Provide To The Insurer

Here are the following details you must provide the insurer:

• Description of an accident, along with date and time.

• Details of insurance and policyholders present during the accident.

• Describe injuries sustained by the driver, passengers, and/or property or vehicle damaged.

• Details of witnesses.

• Photographs of evidence collected from the accident site.

These are the important details to remember if a person encounters a situation where they have to gain coverage against losses if their car gets damaged or stolen and causes injury, death, or damage.

Conclusion

In conclusion, third-party car insurance provides essential legal and financial protection. It covers the costs of damage and injuries caused to others. It not only offers peace of mind but also promotes a safer and more secure driving experience for everyone. 

To register your complaint, call Toll Free 155255 or email your queries at complaints@irda.gov.in.