1 / 7

Car Insurance Terminologies You Should Know

Buy Motor Liability Only Insurance - Bajaj Allianz presents Motor Liability Only Insurance with hassle-free claim settlement and claims support.<br>

Gaurav06
Télécharger la présentation

Car Insurance Terminologies You Should Know

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Third Party Insurance

  2. Car Insurance Terminologies You Should Know

  3. Car insurance policy offers you insurance cover for accidental damage caused to your car, or injury to third parties or damage to third party property. • Learning the terminology will help you clearly understand the cover and make an informed decision. Here’s a look at the most important terms you should be familiar with: • 1. Own Damage (OD)This covers loss or damage to the vehicle insured due to accident including Fire, theft etc in addition to Third Party Liability for bodily injury and/ or death and Third Party Property Damage.

  4. 2. Third Party Insurance (TP) Third party insurance or third-party liability cover, which is sometimes also referred to as the ‘Act Only’ cover, is a statutory requirement under the Motor Vehicles Act. It is referred to as a ‘third-party’ cover since the beneficiary of the policy is someone other than the two parties involved in the insurance contract. 3. Legal Liability A Third Party Liability means the amount of compensation a vehicle owner needs to pay to third parties who suffered injuries or damage to property, in an accident involving the insured vehicle. The claimants include legal heirs of the person who died in the accident.

  5. 4. Comprehensive Cover Comprehensive car insurance cover will protect you against any accidental loss or damage to the Private Car caused by the following unforeseen events: · Fire, explosion, self ignition or lightning · Burglary, housebreaking or theft · Riot or strike · Earthquake (fire and shock damage) · Flood typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost [Source: https://www.royalsundaram.in/blog/car-insurance/19-car-insurance-terminologies-you-should-know/]

  6. Follow us on https://www.facebook.com/BajajAllianz http://www.linkedin.com/company/653474 https://plus.google.com/+BajajAllianzGIC/posts https://twitter.com/BajajAllianz https://www.youtube.com/user/BajajAllianzGIC https://instagram.com/bajajallianzgeneral/

  7. Click to know more on third party insurance visit: https://www.bajajallianz.com/Corp/motor-insurance/motor-third-party-liability.jsp Thank You…..

More Related