What’s a Two-wheeler’s Third-party Insurance

BAJAJ FINSERV

WHAT’S A TWO-WHEELER’S THIRD-PARTY INSURANCE THIRD-PARTY POLICY NOW THAT YOU ARE AWARE OF HOW IT WORKS, WHAT IT INCLUDES, AND ITS LIMITATIONS

In India, a two-wheeler's third-party insurance is mandatory for any vehicle. This insurance covers the driver and the vehicle against third party liability in case of an accident. It also covers damages to property, injury or death caused to a third party due to an accident involving the insured vehicle.

MISSION

This type of Third Party Bike Insurance is available from private companies as well as from the government. The premium for this type of plan varies depending on various factors such as age, gender and so on.

WHAT DOES A THIRD-PARTY INSURANCE COVER Third-party insurance is a type of insurance that covers the liability of the third party. This type of insurance is usually taken by people who are renting out their property to someone else, or those who own a business.

Third-party insurance covers any damages which are caused by the insured to another person’s property, or any injuries that occur to other people due to the negligence of the insured.

The main purpose for this type of policy is to protect you from any legal liabilities that may arise from your actions.

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