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Third-party cover in a motor insurance policy provides coverage against legal liability that arises during an accident. It covers any damage or loss to the third-party’s property or death/disability of third-party, caused by the insured’s vehicle and at the fault of the insured. For instance, if you hit the rear of the car in front of you, then, this insurance kicks in and covers the damages to the other vehicle.
Damages to your own vehicle will be covered under ‘own damage’ insurance 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 put together in the same policy.
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