Friends, in today's time there will probably be such a person who does not
have a two wheeler, three wheeler or four wheeler. You get to see two wheelers
or four wheelers near everyone. It is also very important for the person who
has a vehicle to get his vehicle insured. At the time of taking us new there,
it is immediately provided by the insurance company. But one time, when the
insurance expires, then a big problem arises in front of us.
Because now you get the option of getting
first party or third party insurance of your vehicle. Most of the people are
not aware about first party and insurance due to which they face lot of problem
in getting their car insured. If you are going to get your vehicle insured,
then this article is going to be very important for you. Because we will give
complete information about third party insurance and first party insurance,
clearing your confusion.
Let us now tell you through this speculation
what is Third Party Insurance of First Party Insurance?. What is the difference
between third party insurance and first party insurance.
what is vehicle insurance
Friends, it is very important to have
insurance for every vehicle. Because insurance helps you in any future
accident. If in future there is damage to your remedy or any other vehicle
accident, then it is compensated by the insurance company. That is why it is
very important for every person to get their vehicle insured.
Apart from this, now the insurance of every
single vehicle has also been made mandatory by the Union Ministry of Road and
Transport Minister. If the vehicle is not insured, you have to pay a fine of up
to Rs.5000. Therefore, get your bike or car insured immediately.Difference between first party insurance and
third party insurance
Let us now give you complete information about
the difference between first party insurance and third party insurance in very
simple words. If you have any confusion in third party insurance first party
insurance then you can clear all your confusion after reading the article
below.
What is First Party Insurance?
Under First Party Insurance, complete
protection is given along with your vehicle. If your vehicle is stolen or if
your vehicle is in an accident, then its claim is received. Any damage caused
to your vehicle is fully compensated by the insurance company. In a way, by
getting first party insurance, you are given complete protection about your
vehicle.
What is Third Party Insurance?
The benefit of third party insurance is one
and only protection against challaning of your vehicle. Apart from this, if
someone dies from your vehicle in an accident or there is any damage, then the
insurance company compensates for it. If your vehicle is stolen or if your
vehicle is damaged in an accident, then it is not compensated by the insurance
company.
Conclusion
We sincerely hope that after reading this
article, all of you have got complete information about First Party Insurance
and Third Party Insurance in detail. If you want to insure your car, then you
can get your car insured by thinking carefully.
