What Does Vehicle Third-Party Liability Insurance Cover?
1 Answers
Vehicle third-party liability insurance includes compensation for death and disability; medical expense compensation; and property damage compensation. Third-party liability insurance covers accidental incidents caused by qualified drivers permitted by the policyholder while using the insured vehicle, resulting in direct personal injury, death, or property damage to a third party. Exclusions under third-party liability insurance: Personal injury or death of the policyholder and their family members, as well as loss or damage to property owned or managed by them. Personal injury or death of the driver of the insured vehicle and their family members, as well as loss or damage to property owned or managed by them. Personal injury, death, or property damage to other individuals on the insured vehicle. Individuals covered by motor vehicle third-party liability insurance: Third-party liability insurance refers to others and their property outside the policyholder, their property, and all individuals and property on the insured vehicle. The term 'all individuals' refers to the driver, conductor, loader, passengers, and other individuals on the vehicle—these individuals are not considered third parties. However, after disembarking, except for the driver, they can be regarded as third parties. For private vehicles, the policyholder and their family members are not considered third parties.
