Meaning
This mandatory motor insurance policy protects you from financial liabilities for damages or injuries caused to another party (the “third party”) by your vehicle.Definition
It covers legal obligations for bodily injury, death, or property damage to a third party caused by your insured vehicle. Own vehicle damage is excluded.How It Works
If you cause an accident, this insurance covers the other person’s vehicle damage or medical expenses. The insurer handles claims from the affected third party.Benefits
It offers crucial financial protection against liabilities, fulfills legal mandates, and gives drivers peace of mind.Author
