When you're in a wreck caused by another driver, you'll need to file a third-party insurance claim. A third party insurance claim is filed with the other driver's insurance carrier and can compensate you for your car repairs, medical bills, and any other costs you've incurred because of the accident.
You are required to report the accident to the police and submit your claim within 28 days to maximise your entitlement to all potential benefits. You can submit your claim online through the State Insurance Regulatory Authority (SIRA) portal.
You may issue a third party notice if you claim the third party needs to be involved in the proceedings that the plaintiff issued against you, or that the third party owes you something that is connected with the proceedings.
A third party may only claim against the responsible party and not directly against the insurer.
Third-party car insurance is the minimum legal level of cover needed to drive a car. It covers you if you damage someone else's property or injure them while driving, and will cover your passengers too.
Cosmetic car insurance offers cover for the little scrapes and dents that it's not worth claiming on your normal policy for. However, 77% of them don't get the damage fixed under their motor policy due to the cost of their excess, which can be a few hundred pounds.
A first-party insurance claim is a claim you make directly against your own insurance. A third-party insurance claim occurs when you submit a claim to someone else's insurance provider. The third-party definition is going outside of your insurance provider when seeking compensation.
The most fundamental difference is the parties involved in filing the claim. While in the first-party claim, the primary claimant is the policyholder, in case of third-party claims, the primary claimant is third-party. Thus, the responsibility of filing a claim changes in both the covers.
What happens when someone claims on your car insurance? The other driver involved in a collision might make a claim against your car insurance – known as a third party claim - if they believe you were to blame.
How Much Does a Third Party Car Insurance Cost?
| Engine Capacity | Premium Cost |
|---|
| Less than 1,000cc | Rs. 2,072 |
| Exceeding 1,000cc but not exceeding 1,500cc | Rs. 3,221 |
| More than 1,500cc | Rs.7,890 |
Standard practice for insurance companies and insurance brokers in Alberta is to recommend $1 million in third-party liability coverage in an automobile insurance policy.
What is third party insurance? It protects you against any legal liability, accidental liability, or property damage in case of an unfortunate event. This policy also covers medical expenses in case a third party is injured in an accident or dies.
You cant get them to repair your car just because you are attached to it or like it or its special to you in some way. You are entitled to get it repaired or written off where they will pay you the value of the car. Note your idea of the value will not be the same as theirs, so dont accept first offer.
First-party insurance that indemnifies the owner or user of property for its loss, or the loss of its income-producing ability, when the loss or damage is caused by a covered peril, such as fire or explosion.
What documents are required to file a car insurance policy claim?
- Online vehicle insurance policy.
- Copy of driving license.
- Copy of your duly signed claim form.
- Repair bill (Original)
- RC copy of the vehicle.
- FIR (Only in case of theft, injury/damage to third-party, or highway accidents)
- Proof of release and cash receipt.
Third-party insurance is essentially a form of liability insurance. There are two types of automobile third-party liability coverage: Bodily injury liability covers costs resulting from injuries to a person. These injuries' costs could include hospital care, lost wages, and pain and suffering due to the accident.
All third-party claims are settled in a Motor Accident Claims Tribunal (MACT), and the third-party must file a case at the local tribunal, who will then finalize the claim amount. If there's a compensation to be made, we take care of it on your behalf.
The insurance company and the insured are first and second parties, and any other who suffered death, injury or the person who claims damages against you is the third party. WHO IS THIRD PARTY? Motor Vehicle Act, 1988, under section 145(g) “third party†includes the Government.
Process for Filing ClaimThird-party should procure the insurance details of the vehicle and file an FIR stating the sequence of details at the police station of the same jurisdiction where the accident occurred. The maximum amount for compensation in case of property damage is Rs. 7,50,000.
The easiest cases will take between one to two weeks to resolve. More complex ones can take weeks or longer, including scheduling delays and the time your car is in the shop. You can, of course, continue to drive your car, if it's drivable, until repairs are complete.
It is clear from the above-mentioned points that a Third-party Liability insurance cover just isn't enough for your car. In addition, it covers your car against theft and damages, and you can opt for Add-ons as well. A Personal Accident Add-on can give you enhanced coverage in case of personal injuries.
​Third-Party Cover is mandatory in India. It covers you against legal liability for injury or death or property damage caused to any third party, who is not in the insurance contract in an accident. However, this policy does not cover damages or loss caused to your own car in an accident or theft.
