Everything You Need To Know About Third Party Car Insurance Policy
There are high chances of death, bodily injuries or disabilities because of a car accident. The chances of public or private property getting damaged in this unforeseen incident are even higher. Then, there comes a “Third Party Car Insurance” that acts as a saviour. Choosing an apt third party liability insurance plan is an integral part of road safety is the UAE. It safeguards all impacted third-parties by offering an adequate level of cover in the event of an accident.
Read on for a closer look at the benefits, features, and scope of coverage of third party car insurance in the UAE.
What Is Third Party Car Insurance Plan?
As per the law in the UAE, third party car insurance is mandatory for anyone who owns or drives a vehicle. This insurance policy safeguards the driver of the vehicle or owner of the car against accidental liability, financial loss or property damage in any unforeseen event such as an accident. In short, the insurance plan reduces the car owner’s worries with its coverage during an accident.
Third Party Car Insurance Policy Benefits
Although third-party car insurance policy is the most basic plan of auto insurance, it offers several benefits to its policyholders. Some of the major benefits of third party car insurance are highlighted below:
Offers Legal Cover & Financial Assistance
Third Party Car Insurance policy offers basic car insurance that covers the insured person’s legal or financial liability in case of death or bodily injury to any third party. This insurance policy extends coverage to third-party property damages caused by the insured vehicle. Under this policy, the legal and financial burden of the policyholder is taken care of.
Provides Absolute Peace of Mind
Another major benefit of the third party car insurance policy is that it provides the absolute peace of mind when dealing with the distressing situation. Not only it reduces the financial burden of the policyholder but also it also safeguards against legal liabilities.
Cost-Effective Insurance Policy
Third party liability insurance is the cost-effective insurance policy and it is beneficial in terms of financial costs and premiums.
Quick & Easy Purchase Option
Third Party Car insurance policy is easily accessible and it is very easy to buy or renew it. Either, you can purchase this policy directly through the insurance company’s official website or through its branch office. Hence, an individual can easily buy or renew this insurance policy without facing any hurdle.
Inclusions & Exclusions of Third Party Car Insurance
Before you purchase any insurance policy for your car, it is very important to have a clear idea about the inclusions & exclusions of your car insurance policy. Knowing about the inclusions & exclusions of your insurance policy will enable you to make a smart decision at the time of a claim. Also, it is very essential to go through your policy documentation thoroughly.
Inclusions of Third Party Car Insurance
Third party car insurance policy provides coverage against:
- Bodily injury to a third party
- Accidental death of a third party
- Permanent total disabilities of a third person
- Damage caused to third party property.
Exclusions of Third Party Car Insurance
There are a few exclusions that are not covered under the third party insurance policy. Some of them are given below:
- The third party car insurance policy doesn’t cover the damage of your own vehicle in an event of an accident. For instance, if you hit into someone’s vehicle then the damage or injuries sustained in the accident will not be covered under the third-party insurance plan.
- Third party car insurance policy also doesn’t cover death or bodily injury sustained by a policyholder.
- The vehicle was being driven by someone who is not the owner of the vehicle
Why Buy Third Party Car Insurance Policy?
Third party car Insurance is the cheapest insurance policy you can buy. This policy is available for four-wheelers, two-wheelers, and even for commercial motor fleets. As per the UAE law, it is mandatory to buy third-party liability insurance for all vehicles in the UAE. Even if you use your vehicles too often, it should be protected with a minimum of third party liability insurance.
Apart from enabling you to obey the law, the third party car insurance policy offers you the much-needed protection from financial expenses incurred by the third party in the event of an accident.
Third party car insurance is not only cost effective insurance policy but also it provides the absolute peace of mind. This insurance policy saves the policyholder against all possible hassles that may emerge because of any unfortunate event by protecting them against legal, accidental, and financial liabilities. So, if you also own a vehicle then buy third party car Insurance policy UAE now.