Important Points About Third-Party Motor Insurance

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Important Points About Third-Party Motor Insurance
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Introduction

• About third party vehicle insurance
• As per the Indian law, third party vehicle
  insurance is a fundamental prerequisite to drive
  a vehicle. Under this insurance policy, the
  company agrees to cover the insured person, if he
  is charged or held lawfully liable for damage or
  injuries done to a third party.

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Coverage

• What does third party insurance for two wheeler
  cover?
• It covers against the following things
• Damage to third party property
• Physical injury or death to a third party
• Permanent disability of the insured driver or
  vehicle owner
• Accidental death of the insured driver or vehicle
  owner

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Claim

• Who can file a third party vehicle insurance
  claim?
• The claim can be filed by the injured person in a
  court at the place of accident or at a place
  where the owner of the vehicle lives or the
  injured person or his dependents live.

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Not Covered

• Things that are not covered under third party
  vehicle insurance claim
• Your own vehicles damage will not be covered
  under third party vehicle insurance. In case, if
  your car collides with another vehicle and your
  car gets damaged, then this will not be covered
  under third-party motor insurance.

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Coverage Amount

• You can claim for compensation only once. For
  this reason, the injured party cannot expect
  their insurance company to prepare for any
  shortage in the repayment that the court has
  decided.

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Maximum Amount

• As per the current structure of the tariff
  product, the legal liability of the insurer is
  restricted to a maximum sum of INR 7.5 lakhs.
  That means any amount in excess of INR 7.5 lakhs
  will be borne by the car owner.

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Maximum Amount

• While filing a third party claim, the insured
  victim needs to follow the terms and conditions
  of the insurance company as claims that do not
  fall under the terms and conditions will not be
  covered.
• Therefore, it is important that you know the
  terms and conditions of the third party 2 wheeler
  insurance policy before investing in the same
  either online or offline. Liberty Videocon is a
  well-known general insurance company that offers
  motor insurance policies and also gives you the
  facility to buy as well as renew policies online.

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Contact Us

• Liberty Videocon General Insurance Company
• Address 10th floor, Tower A, Peninsula Business
  Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai,
  Maharashtra, 400013
• Call Us 1800-266-5844
• Website https//www.libertyvideocon.com
• Email care_at_libertyvideocon.com
• Social Connection
• Facebook Twitter LinkedIn Google YouTube

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Thank You