What does motorcycle third-party liability insurance mean?
1 Answers
Motorcycle third-party liability insurance refers to the type of insurance that compensates for injuries caused to a third party when an accident occurs involving a legally authorized driver. The relevant introduction to third-party liability insurance is as follows: Definition of third-party liability insurance: The meaning of third-party commercial liability insurance is that in the event of an accident caused by the insured or their legally permitted driver while using the insured vehicle, resulting in bodily injury, death, or direct property damage to a third party, the insurance company is responsible for compensating the economic liability that the insured is legally obligated to bear. Insurance coverage: In the event of an accident caused by the insured or their permitted driver while using the insured vehicle, resulting in bodily injury, death, or direct property damage to a third party, the insurer is responsible for compensating the economic liability that the insured is legally obligated to bear, in accordance with the "Road Traffic Accident Handling Measures" and the provisions of the insurance contract. However, the insurer is not responsible for handling any aftermath resulting from the accident.