Home | Finance | Insurance
Third party motor insurance gives you cover for any claim made against you, your driver (if someone else was driving) or the person responsible for your car. The road traffic act specifies that you are required to buy a minimum level of insurance cover. All motor insurance policies issued in the UK giving 'third party cover' or more, will provide a higher level of protection than the law requires. Whether you just have 'third party only'; 'third party fire and theft' or 'comprehensive' you will have this section. If you are judged to be at fault for causing an accident your insurer will pay for all sums of money that you are liable for to those people (the third party) that you have killed or injured, or whose vehicle you have damaged etc. They will also be liable to pay any legal costs incurred by either the victim's or your own solicitors. This whole question of third party cover becomes increasingly complicated if you are a passenger in your own car and it is being driven by another person. Provided that the other person is allowed to drive it, then it is the driver who is protected by this section and not you. Your policy wording will list those who are insured to drive the vehicle, for example, named drivers, passengers, employer etc. Thus if you, as the passenger, were to be injured because of the bad driving of the other person, you have the legal right to claim compensation from the driver. Thus, in this situation, your third party insurance policy would 'indemnify' the driver, not you. You would end up with the money. Remember though that this is a two edged sword. In the event that the driver were injured or killed whilst driving on your policy then your insurance company would not be liable for any claim. Sadly, no matter who was driving, you cannot claim for accident damage to your vehicle on your third party policy. If a thief takes your car and causes an accident (sadly this is an every day occurrence) this section of the policy will protect you, as the vehicle's owner, against all claims for injury or damage caused by the thief. This seems so unfair - after all it was the thief who had the accident, yet it's our no-claims bonus that will be lost. Remember, we are dealing with the law. The intention is to make sure that innocent victims of otherwise uninsured drivers who are injured or who have some sort of damage caused by an uninsured driver's negligence should be compensated. How many thieves have the money to pay for such damage? Thus it is viable, in practical terms, for the victim to make a claim on your policy. .
Article Source: http://www.SponsorDirectory.com/Free-Content
This article was penned by Terry Cod. He has many years of experience working as a claims adjuster with a number of UK insurance companies. His website www.instant-online-insurance.co.uk offers cheap online motor insurance with online quotes and secure online payment.
Please Rate this Article
5 out of 54 out of 53 out of 52 out of 51 out of 5
Not yet Rated
