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Third-party cover in a motor insurance policy provides coverage against any legal liability that might arise during an accident.
It covers any damage or loss to a third party’s property or the death/disability of a third party caused by the insured’s vehicle and at the fault of the insured. For instance, if you hit another vehicle with your’s, this insurance kicks in and covers the damages to the other vehicle.
Damages to your own vehicle will be covered under the ‘own-damage’ cover.
While third-party insurance is a statutory requirement under the Motor Vehicles Act, the own-damage cover is optional.
Most motor insurers provide a comprehensive cover with both third-party and own-damage cover included under the same policy.
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