1
what’s the use?
third party liability insurance refers to a vehicle accident, while others cause suffered personal or property damage, the insurance company for compensation under the contract.
2
Cost Calculation
premiums
third party liability insurance coverage is divided into 50,000, 100,000, 150,000, 200,000, 300,000, 500,000 and 100 more than ten thousand grades, insurance premium when the vehicle needs to be determined according to the type of insurance coverage and insurance selection.
Note: in particular insurance companies local insurance prevail.
claims algorithm
When the amount of compensation in proportion to the insured’s responsibility for the accident exceeded the limits of liability:
= compensation liability limit × (1- franchise)
when the amount of compensation in proportion to the insured’s responsibility for the accident is lower than the limit of liability:
= are liable for indemnity amount × (1- franchise)
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3
you know what?
· third party liability insurance is insurance primary insurance business auto insurance.
· In the auto insurance contract,Third party liability insurance are insured persons or property outside the vehicle.
· third party liability insurance also has a corresponding non-deductible, if not buy, time of the accident according to assume responsibility for the accident insurance of different vehicles, will be a certain percentage of the deductible.
· If an accident occurs, the insured vehicle driver drinking, drug use or injecting drugs, driving without a license, hit and run. The insurance company is not liable for compensation.
· not paid by the third party liability insurance of personnel, including the insurer, the insured, their family members when the driver of the vehicle accident, the family members of the insured.
4
Further reading
in the past in order to ensure road safety the vast majority of local government as the third party liability insurance compulsory insurance coverage, do not purchase three insurance can not be driven on the road, after the appearance due to pay high insurance, third party liability insurance becomes non-compulsory purchase, but to pay high insurance in third party property damage and medical costs lower part of the compensation, most owners choose to buy third party liability insurance as a supplement to pay high insurance.