Understanding Third-party motor Insurance. Before you purchase a third party insurance cover make sure your insurer is registered with the Insurance Regulatory Authority of India IRDA.
The claims filing process would differ based on the nature or consequences of the mishap.
How to claim third party insurance in india. How to Claim Compensation under Third-Party Car Insurance. FIR document is the most important document that will be required to be submitted as it details out the accident and records it officially. An application is needed against the vehicle owner from the victim or the legal representative of the deceased for third-party liability compensation.
If you happen to get involved in a road accident and another vehicle or person gets injured due to your fault you will be held responsible. Inform your insurance company within the stipulated time period. Driving license and original registration certificates need also be submitted for verification along with photocopies.
Every year thousands of people lose their lives in road accidents. The following steps will guide you to purchase third party car insurance online. In case you do not have it you can also provide your.
A Third-Party Insurance basically covers for all expenses that arise in cases where you of course while driving happen to damage any third-party. In a third party insurance policy the first party is the insured and the second party is the insurance company. A copy of the FIR.
Visit our Website InsuranceDekho. The third party here is any third person. The insurance provider is liable to pay compensation for death to the legal heir of the third party.
You need to file an FIR where third. Whether thats a third-party property person or even another vehicle itself. First Party Insurance.
A copy of your vehicles registration certificate. However the claim process is a bit complicated. In the Get Your Quote section provide your car registration number.
Duly filed and signed claim form. It is a known fact that the condition of roads in India is not the best which increases the risk of accidents. A third party two wheeler insurance plan offers compensation for all the third party liabilities.
Any vehicle used for social domestic and pleasure purpose and for the insurers business motor purpose should be insure. In third party insurance or liability insurance the assured himself is covered against legal liability which he may incur to a third party and the establishment of such liability by the third party not merely suffered by the third party is an essential perquisite to a claim in the policy. Even if they want they drop it at the thought of.
Under the provisions of the Insurance Act the concept of insurance claim is categorized into two parts. Most people do not know is that they can file for claims through third party TP insurance of the other vehicle involved in the accident. But very few remember to claim this insurance when it is required or the vehicle is damaged by others.
In India under the provisions of the Motor Vehicles Act 1988 it is mandatory that every vehicle should have a valid Insurance to drive on the road. In India third party insurance is a mandatory cover without which one cant drive hisher vehicle on the roads. Lets have a look how to raise a third party two wheeler insurance claim The first and foremost thing that one should do is contact the police and file an FIR to register the accident.
Duly filled-in claim form signed by the insured needs to be submitted to the insurance company. The following documents must be submitted during your third-party insurance claim procedure. Compensation for third-party death in an accident – In case the third party succumbs to hisher injuries the vehicle owner can be taken to court The Motor Accident Claims Tribunal MACT.
Under your third party insurance a third party can file a claim for compensation for injury death property damage caused by your car. How to claim Third Party Insurance. Third party Insurance often known as liability insurance Under first party Insurance Claim one can file with his own insurance company but in third party insurance the Insurance Company indemnifies the insured person if he is liable for any injury or damage.
After successful submission of the application an FIR has to be filed. Note down the name and contact details of witnesses. The claim process for Third Party Liability Insurance consists of the following steps.
Note down the registration numbers of all vehicles involved in an accident. Inform the accident at the local police station and file an FIR. A copy of your valid Driving License.
A copy of the first two pages of your policy document. Get the insurance details of the third party car and inform the third partys insurance company about the accident. If your vehicle is involved in an incident resulting in death or damage to a third party the affected party could choose to file a claim against you which will be settled by your insurance company.