Sentences with phrase «mandatory liability cover»

One is the mandatory liability cover and the other one is comprehensive cover that offers financial protection against own damage of the vehicle with third party liability.

Not exact matches

A regulated lawyer has professional liability insurance coverage (mandatory in Canada) and is also «covered» for theft by their local compensation fund.

Our agency does offer a separate dog liability policy just to cover dogs with a bite and / or claim history, but it's not mandatory to cover your dog (s) to qualify for a home insurance policy with Einhorn Insurance.

Underinsured motorist or uninsured motorist liabilities is mandatory in most states since there are many motorists who do not have adequate insurance cover.

Proof of financial responsibility, covered to a larger extent by liability insurance, is a mandatory requirement if one is to be considered a «legal driver» on California roads.

Collision and comprehensive are optional parts of your policy — as opposed to liability insurance, which is usually mandatory and covers damage to other people's property and injury to other drivers.

Third - party liability for travelling As third - party motor insurance is mandatory for all private and commercial vehicle owners, Amarnath Ananthanarayanan, chief executive of Bharti AXA General Insurance, says all travellers are covered.

In contrast to this, the mandatory third - party car insurance covers the insured's legal liability for death / disability towards a third - party and / or property damage caused to them.

Car insurance plans help you to escape from expenses on your car or any other vehicle due to any calamity and cover benefits of comprehensive motor insurance and provide optimum coverage and protection to the vehicle apart from the mandatory third party liability insurance.

Note that while third - party liability cover is mandatory as per the Indian court of law, it does not cover damages caused to your own vehicle.

Motor insurance is required by a vehicle owner not just because it is mandatory but also to cover risk and damages to the individual himself and to the vehicle, in addition to getting a cover against third party liability.

Liability coverage, which is mandatory in all states, is a negligent driver's insurance policy which covers the other driver's medical bills and property damage incurred during the accident.

Other auto insurance consumers tend to view a full coverage auto policy as one that combines the mandatory liability requirements of the driver's home state with collision and comprehensive coverage that protects the covered vehicle itself against damage in a variety of situations, accident - related and otherwise.

In this case, you would be covered by medical payments or personal injury protection (mandatory and optional depending on which state you live in), and the other person or property would be similarly covered by bodily injury and property damage liability, respectively.

In motor insurance, TP cover, which covers the liability of third party during a motor accident is mandatory, while the OD cover that protects the individual from accidents is optional.

The liability only cover is mandatory and it insures vehicle owners» against legal liability in case of an accident involving their vehicles.

Though, third party insurance cover is mandatory, it is advisable to buy comprehensive insurance cover as it covers damage of own vehicle besides liability for injuries and damages to others.

Not only this, as per the Indian Motor Vehicle act, it is mandatory to have Car Insurance to not only cover the driver — owner and the vehicle but also any liability to damage caused to third party in the event of accidents.

Third party insurance is mandatory under the motor insurance law for covering liability of third party.

It is mandatory by law to have third party liability covered by insurance.

The first two mandatory liability policies cover instances when you are found to be at fault for the accident.

It has two segments; own damage cover, which is optional, and the mandatory third - party cover.The latter covers the liability arising from third party claims due to accidents.

A comprehensive plan that not only covers the mandatory third party liability but also covers loss or damage to own vehicle.

The state's mandatory liability coverage requirements are fairly minimal, but drivers who want to be covered in an accident have to choose specific coverage levels that will ensure that their company pays out for damages.

As per the India Motor Vehicles Act 1988, it is mandatory to have «third - party liability» cover to all vehicles plying on public roads in India; while «comprehensive cover» is made optional.

Uninsured motorists insurance: uninsured motorist insurance covers the policy holders against damages in case of collision with other vehicle, even if the other vehicle driver does not have mandatory liability insurance.

Before you agree to any insurance company you should find out in detail about the basic cover, mandatory liabilities and additional features so that you know what you need and what you don't.

Beyond liability car insurance coverage, there are plenty of other areas of coverage we could add on to our Illinois car insurance policies if we so chose that are not covered under the Illinois car insurance mandatory requirements.

You should keep in mind that some covers are mandatory and although the state has set a minimum limit you may need to opt for a higher limit for liabilities like property damage liability and bodily injury liability.

The third party car insurance is made mandatory under the Motor Vehicles Act and it covers legal and financial liabilities of the insured against damages to the property as well as the death of the third party.

At present, both are optional for Wisconsin motorists, but once they become mandatory, they will cover other motorists who have lower liability limits than the amount of damages in an accident.

Long Term Two Wheeler Insurance Policy provides complete cover against third party liability as mandatory under Motor Vehicles Act.

While the third - party insurance (which covers your liability towards a third party) is mandatory for all vehicles, insurers typically offer a comprehensive car insurance policy that bundles what is called an «own damage» cover.

It is mandatory in all 50 states in the U.S that a car owner has liability insurance coverage that will cover damages caused by an accident to a third party or their property.

Like virtually all other mandatory insurance states in the country, Ohio has two main areas where drivers are required to cover their financial liability: