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What Happens in a Major Accident With Only Third Party Insurance?
Read more about car insurance on What is Third-party Car Insurance?
What is Third Party Insurance, and how does it apply here?
Read More: What is Third-party Car Insurance?
Expert Note
This information is based on standard motor insurance guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI) and commonly followed industry practices. Policy coverage and conditions may vary by insurer.
Expert Note
This information is based on standard motor insurance guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI) and commonly followed industry practices. Legal outcomes may vary depending on case-specific facts and tribunal decisions.
What Happens If You Only Have Third Party Insurance During a Major Accident?
If you only have third-party insurance and are in a major accident, the insurance will compensate for liabilities caused to the third party- damage to the property, death or injury. For your own vehicle, no expenses will be provided by the insurance company. Third party insurance is mandatory as per the Motor Vehicles Act of 1988.
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.