What Is Third-Party Insurance Coverage, and How Does It Work?
What is Third Party Insurance? Third-party insurance, also known as “act-only” insurance, is a legal obligation for all automobile owners under the Motor Vehicle Act. It’s an auto insurance policy with coverage for third-party property damage and physical injury. The insurer is not covered by the policy. How does Third-Party Insurance work? In the event of an accident, the insurance company will pay for the… Read More »What Is Third-Party Insurance Coverage, and How Does It Work?