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6.1%First documentThird-Party Car Insurance: How Does It Protect You? | Generali CentralOpen original ↗
Second documentCan a Third Party Claim Be Filed Against a Stolen Car? | Generali CentralOpen original ↗
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Our team will contact you shortly to provide personalized assistance with your insurance plan.
What is third-party car insurance?
This is called "third party" because it covers the loss of an external party (third party) instead of the policyholder. The insured (first party), the insurance company (second party), and the affected person (third party) are the three individuals involved. According to the Motor Vehicles Act of 1988, third-party motor insurance is mandatory for all vehicle owners by Indian law. This ensures that accident victims receive financial assistance for medical or repair expenses.
What is Third Party Insurance, and how does it apply here?
Third party insurance is mandatory under Indian law. Ideally, you should not be driving on the road without it. This insurance covers injury, death, or property damage caused to others by your vehicle.