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What are the inclusions and exclusions of a third-party liability insurance?
Posted on: 16/Jul/2018 10:25:44 AM
Inclusions
If an insured vehicle causes any damage to a third party in unfortunate cases of accident, the third party insurance scheme shall provide complete protection to such damages. The damage may be of any kind including death, property damage, injuries, and so on.
For instance, say your vehicle is insured with a third party car insurance scheme. When this vehicle makes an accident with another car, causing devastating effects to it, the third party who has incurred the damage or loss would claim for money for the loss or damage he was subjected to. So, in such scenarios, the insurance company shall pay for the damages caused by the third party.
In all kinds of policies available in the country, a third party insurance will be an integral part. This ensures safety and protects you in circumstances of very undesirable incidents. In fact, there are a few insurance companies that provide accident cover for individuals for the owner or the driver of the respective vehicle that is insured under third party plan. According to the insurance company, this will be an even more personal plan that can easily convince customers.
Exclusions
Before choosing a third party plan for your car, check the list of exclusions from coverage. This will help you with better clarity when you go for a claim. For this, you ought to read through the entire policy document.
Below is a list of exclusions of a third party plan
Damages caused due to intoxicated driving - if the driver is found to be intoxicated using alcohol or drugs or others while causing the accident, it shall not be covered under car insurance
Planned incidents - when it is a volunteer, pre-planned incident, it shall not be covered in the insurance scheme.
Unlawful activities - accidents caused by underaged drivers, without a valid driving license, accidents taking place in wrong side of road, etc.
Commercial ones - if during the accident the vehicle had been subjected to a commercial purpose, the insurance claim will not be considered.
Theft or damage - the owner or driver of the car will not be protected in the insurance. Any kind of theft will also not be covered.
Others
There are many other reasons when an insurance claim can be rejected. This includes expired insurance when the accident occured. Driving beyond the recommended geographical limits, wear and tear of the vehicle due to ageing that has caused mechanical or electrical failure, etc.
