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Online Vehicle Insurance – Third Party

Posted on Wednesday, Dec. 6th 2023 3:06 PM by Carol in Vehicle Insurance No Comments »

Third-Party refers to a type of insurance policy that covers the damages or injuries caused by the policyholder to any third party involved in an accident. In this type of insurance, the third party refers to anyone not the policyholder or a member of his/her family involved in the accident. The policyholder is the first party, the insurance company is the second party, and anyone else involved in the accident is considered a third party. This type of insurance is mandatory in most countries. It is designed to provide financial protection to third parties who may suffer losses due to an accident caused by the policyholder..

Posted on Wednesday, Dec. 6th 2023 3:06 PM | by Carol | in Vehicle Insurance | No Comments »

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