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Is Third Party Insurance Enough For Car?

Published On Oct 03, 2022 10:20 AM By InsuranceDekho

Is Third Party Insurance Enough For Car?

The goal of insurance coverage is to guarantee the least possible financial loss in the event of uncertain  circumstances. When it comes to auto insurance, damage can be done to both your car and other people's vehicles. The third parties who might be harmed by your car are covered by a third-party liability auto insurance policy. According to Motor Vehicles Act, 1988, , driving with third party insurance cover is a mandatory requirement, and it is illegal to drive without one. However, in terms of the aforementioned insurance objective, it isn't the best coverage.

 

Reasons Why Third Party Insurance Is Not Enough

There are several reasons that do not make third party insurance the ideal choice.
 

1.     Car Not Covered

Your car is not covered by third-party liability insurance for damage. In this situation, purchasing an insurance premium merely to comply with the law leaves your car uninsured in case of  own damage. This means, for instance, that your insurance coverage won't cover the cost of fixing your damaged car if it skids and collides with a tree. Additionally, you won't be protected if any damages are caused to your car due to natural or man made calamities.

2.     No Room For Extensions

The extent of your car's insurance protection is greatly influenced by add-ons. Although car insurance coverage is generally generic, you can customise it to some extent with the right Add-ons. For instance, you can choose a passenger add-on cover  to cover passengers travelling with you or you can purchase an engine protection add-on cover to get protection against damages caused to your engine. However, an third-party liability cover can't be used to purchase such additional car insurance Add-ons.
 

Alternate Option

The aforementioned facts make it quite evident that a Third party insurance cover is insufficient for your vehicle. The option is to purchase Comprehensive Car Insurance. It includes coverage for third party as well as own damage.  After obtaining the policy, you can follow the law in this manner.
 
Additionally, it protects your vehicle from theft and damage, and you can choose Add-ons. You may be able to get more protection in the event of personal injuries with a personal accident add-on. 
 

End Note

Choose a policy with enough coverage and a reasonable insurance price. Nowadays, buying auto insurance online is really simple. Visit the website of your selected auto insurer, select a policy, review the terms and conditions, submit your premium, and get the policy in your email. To make an informed decision, make sure you carefully review the policy's inclusions and exclusions. 
 
Carry a copy of the insurance in your car, together with your car's certificate of registration and pollution under  control certificate, and don't forget to renew your auto insurance on time.

Also Read: How To Check Car Insurance Expiry Date?

Disclaimer

This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
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