What Does Third-Party Liability Insurance for Small Cars Include?
2 Answers
1. Introduction: Third-party liability insurance (abbreviated as TPL insurance) refers to the financial liability that the insured or their permitted drivers should bear according to the law when an accident occurs during the use of the insured vehicle, resulting in personal injury or death of a third party or direct property damage. The insurance company is responsible for compensation. 2. Coverage: In the event of an accident during the use of the insured vehicle by the insured or their permitted drivers, which causes personal injury or death of a third party or direct property damage under third-party liability insurance, the insurer is responsible for compensation according to the "Road Traffic Accident Handling Measures" and the provisions of the insurance contract. However, the insurer is not responsible for handling the aftermath arising from the accident.
The third-party liability insurance for cars is the compensation provided by the insurance when you cause damage to others while driving. It mainly covers two parts: first, personal injury, such as accidentally hitting someone and causing them injury or more severe consequences—the insurance company will compensate for their medical expenses, hospitalization fees, or death compensation; second, property damage, like if you scratch someone else's car or damage a roadside flower bed—the insurance company will cover the repair or restoration costs. Some policies also include legal fees, such as the expenses for hiring a lawyer in case of a lawsuit, as well as additional services like rescue fees. I usually drive very carefully, but I know accidents can happen anytime on the road, so I recommend everyone to buy sufficient coverage—don’t opt for too low a limit. Nowadays, starting with 1 million is considered safer. In case of an accident, it can help you avoid major trouble, preventing you from having to pay out of pocket until you go bankrupt. Remember, insurance isn’t a waste of money—it’s a way to save big money.
