Third party Insurance : 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 contract (the car owner and the insurance company). The policy does not provide any benefit to the insured (Car owner). However, it covers the insured's legal liability for death/disability of third-party loss or damage to the third-party property.
Third party Insurance policy helps protect other people, vehicles and property in the event of an accident that was deemed to be your fault.
For example, Peter Ganizani Banda* (Not his real name) hit into a cyclist in Chipata , causing extensive damage to the bicycle and injuring the cyclist . Since Peter Ganizani Banda had third-party insurance cover, the Insurance Company would pay for the repair cost or replacement of the bicycle and medical expenses if any incurred by the cyclist.
What isn’t covered, though, is damage to Peter Ganizani Banda`s car or any injuries he might have suffered. For that he needed a Comprehensive Insurance policy. Otherwise those costs for repairs to his car are on him.
Dear Reader , The Insurance Company will compensate you against legal liability to the third party for the payment of damages, legal fees and other expenses as per Third party liability limits indicated below.
Third Party Liability limits are ;
Death or bodily harm (per person up to K30,100.00)
Death or bodily harm (per event up to K60,100.00)
Damage to property (up to K30,000.00) per event.)
General Alliance Insurance (Z) Ltd has Damage to property (up to K35,000.00)per event / annual aggregate
Until next time !
from anontopur.com https://ift.tt/2TbSwwe
bangla,bangla tech,bangla tech s,bangla news,bangla tutorial,tech bangla it,tech bangla,bangla tech channel exposed,tech bangla pro,bangla tech channel roasted video,bangla tv channel,bangla channels,in bangla,bangla movie,bangla news 24,bangla review,bangla boy,news bangla,new tech,tech,tyag bangla movie,shaj tech,news bangla 24,debtech bangla channel,like app bangla,bangla android,bangla tutorial idm, bangla,bangla funny video,bangla movie,bangla new movie,funny facebook posts,new bangla funny video,funniest facebook posts,post office,bangla natok,bangla movie song,bangla facebook post,bangla tutorial,new bangla natok,bangla full movie,bangla cinema,bangla dhadha,bangla natok post mortem,bangla funny facebook post,bangla motivational video,bangla facebook funny,facebook post,facebook funny post, Credit anontopur.com
0 Comments