What To Do If Your Car Gets Hit: Third-Party Car Insurance

Third party insurance is a type of motor insurance that protects the car owner from any legal liability that may arise in the event of an accident involving another person or property. It is a type of insurance cover where the insurer offers protection against damage to a 3rd party vehicle. Every insurance policy has mandatory 3rd party car insurance coverage as per the Motor Vehicle Act of 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.

What Is Covered Under Third-Party Car Insurance?

Before buying insurance, it’s important to know what protection you’re actually getting. Let’s look at the situations where the best third party car insurance comes to your rescue.

• Any bodily injury
• Any damage to the property
• Covers legal costs in case the insured driver is being sued
• Death benefits

Benefits Of Third-Party Car Insurance

Whether it's a cheap third party insurance or a costly one, it has a legal requirement and several practical advantages too. Explore the key benefits that make it a must-have for car owners.

• 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: 3rd party insurance quote is easily accessible and renewable. You can obtain it 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.

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Required Documents

Applicants need to submit some documents to apply for the best, costly or the cheapest 3rd party car insurance. The list of those documents is as follows:

• Proof of identity

• Claim form

• Policy document

• Driving licence of the insured driver

• Vehicle registration (for vehicle-related claims)

• FIR (in case of accident)

What You Can’t Claim Under Third-Party Insurance?

Third-party insurance only protects you from the damages or injuries you cause to other people with your car. Here's what it doesn't cover, neither in the costly one nor in the cheapest third party car insurance:

Own Vehicle Damage

• Third-party insurance does not cover damages to the individual's car or any other vehicular property owned by the insured.

Drunk Driving or Without a Licence

• The following are some of the situations where claims are denied: if the driver was under the influence when the accident occurred, or did not have a valid licence.

Driving on a learner’s licence

• Because of the inherent risks involved, anyone operating a car under a learner’s licence is not allowed to claim an accident.

Hit-and-Run Accidents

• Hit-and-run cases are not included under third-party insurance.

What Happens When Someone Hits Your Parked Car?

In case someone hits your parked car, please ensure to do the following steps mentioned below in detail:

• Take photos and videos of the damage caused as evidence, which can be used later.

• Immediately note the offender’s details so that they can be contacted later.

• Find some witnesses to the incident as well and note their details.

• Please inform the police and file an FIR immediately.

• Contact the insurance company and notify them about whatever happened.

Conclusion

In conclusion, 3rd 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.

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