In order to fulfill legal obligations, one can opt for third party insurance policy which provides compensation for third party vehicle damages and third party property damages. (policybazaar.com)
It will cover third party insurance clause providing coverage for third party vehicle damages, third party property damages and own vehicle damages. (policybazaar.com)
Property damage liability insurance covers the cost of the other parties vehicle and any possessions that are involved in the accident. (4autoinsurancequote.com)