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The ins and outs of third party motor insurance
Third Party Insurance Cover Through InsureMe
Insurance is an important part when owning a vehicle; it not only covers the losses and damages you incur in an accident but also those of the other party. However, if purchasing a full insurance cover for your motor vehicle is costly, you could purchase the mandatory third party insurance and commence your journey.
Third party insurance policies cover the cost of damages caused to the other party by you, during an accident. This policy not only covers property damage, but also bodily injury and even death.
It helps to ensure that you do not have to pay for these damages out of your own pocket.
Of course the extent of cover under such policies will vary from insurer to insurer, which is why it is important to get multiple quotations and compare the benefits offered by each one, as well as other specifics such as claims procedures and premium payment options. With InsureMe, getting multiple quotes from different insurance providers is a breeze, and what is more, our experienced team members are ever ready to help you out if you are unsure of what policy to choose.
How does 3rd party insurance work?
When you have this type of insurance policy and you meet with an accident, your insurer will offer financial assistance to cover your legal liability for losses and damages caused to the property or vehicle belonging to the other party or for injuries or death caused to someone else as a direct result of your accident.
Benefits of getting 3rd party insurance
Purchasing a third-party motor insurance is a legal requirement which every vehicle owner must fulfill.
Even though the policy offers limited cover, it still gives the vehicle owner peace of mind against a financial risk knowing that they won’t have to pay out of pocket for any third party damages.
It is extremely low cost insurance, which is affordable by anyone.
Limitations in a 3rd party insurance
While third party insurance offers peace of mind at a low premium, there are a few disadvantages in purchasing this type of insurance compared to a full motor insurance cover.
01. The third party policy does not cover any damages or losses incurred by the vehicle owner for their own vehicle. Hence, for example if an accident results in the total loss of the vehicle, the owners will have to bear the full financial burden of this loss.
02. In addition, customization of the policy with add-ons is not possible when it comes to 3rd party insurance.
Irrespective of the disadvantages, many people yet opt for this type of vehicle insurance policy, especially during difficult times affecting finances.
How to get your third party insurance through InsureMe
Select the insurers from whom you want to receive quotations.
Compare and select the most suitable policy for your needs.
Why should I select InsureMe for my 3rd Party Insurance Policy?
- Multiple quotations from multiple insurance companies.
- You can compare and select the most suitable and affordable insurance policy for your needs.
- A dedicated InsureMe expert will be there to advise you every step of the way.
- InsureMe has a claims team that is always ready to help in any type of situation
If you are looking for the best third-party insurance policy around, look no further than InsureMe. We provide you a fast, efficient and low cost service with multiple quotations from reputed insurance companies at the click of a button.