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01. The Third Party Car Insurance is also known as Third Party Liability Cover which is a legal requirement that must be met by all vehicle owners as per the Motor Vehicles Act, 1988. This type of car insurance coverage is particularly for the protection of a third party.
The Third Party liability only cover puts you in the safe zone in the event where your car is at fault in an accident that results in the damage to a third party. Liability Only coverage doesn’t cover any damages to your own vehicle but compensates the damages to other vehicle involving your car.