MOTOR THIRD PARTY LIABILITY INSURANCE
Motor Third Party Liability Insurance is a mandatory insurance under which the Insurer against paid premium is obliged to cover the Insured person liability for damages caused to third parties, including pedestrians, cyclists and other participants in road traffic, damages resulting from possession and/or the use of a motor vehicle while driving or being stationary.
This insurance is extremely important to protect your own interests. If your car causes property or non-property damage to someone’s property or someone is injured, the insurance company will compensate the injured instead of you. With Motor Third Party Liability Insurance, you guarantee your safety and peace of mind on the road.
WHAT DOES MOTOR THIRD PARTY LIABILITY INSURANCE COVER?
Non-property and property damages to third parties as a result of bodily injury or death
Damage caused to other people’s property
Lost profits that are a direct and immediate result of the third party’s harm
Lost profits that are a direct and immediate result of the third party’s harm
Reasonable costs incurred in connection with the filing of a claim, including court costs awarded against the Insured person