Third Party – Three Wheeler Auto Insurance
Our Proud Partners - Beemawala
Third Party -Three Wheeler Auto Insurance Policy is a type of Three Wheeler Auto insurance that provides coverage for liabilities arising from damage or injuries caused to a third party (any person other than the insured or their passengers) due to an accident involving the insured’s Three Wheeler Auto. It is a mandatory insurance policy required by law in India for all vehicles. The policy covers the legal liabilities of the insured for bodily injury, death, or property damage to the third party. However, it does not provide any coverage for damages to the insured’s own vehicle. Third Party taxi Insurance Policy ensures financial protection and compliance with legal requirements for Three Wheeler Auto owners in India.
⛦ Example Scenario: In the scenario where Ramesh’s Three Wheeler Auto met with an accident with a bike rider, and the bike rider got seriously injured, Third Party taxi Insurance Policy would come to Ramesh’s rescue. The insurance policy would cover Ramesh’s legal liabilities towards the injured bike rider. The insurance company would take Three Wheeler Autoe of the medical expenses and compensation for the bike rider’s injuries and any other damages caused to the bike. This helps Ramesh avoid financial burdens and legal consequences that may arise due to the accident. Third Party Insurance provides the necessary financial protection and ensures that Ramesh fulfills his legal obligations towards the injured party.
Coverages of Third Party Three Wheeler Auto Insurance
Personal Accident Cover (PA)
Passenger Personal Accident Cover
Additional Add-ons OF Coverages of Third Party Three Wheeler Auto Insurance
Personal Accident (PA) Cover for Owner and Driver
Liability Cover for Paid Driver
Personal Accident (PA) Cover for Passengers
Factors Determining the Premium of Coverages of Third Party Three Wheeler Auto Insurance
Engine Capacity (CC)
Vehicle Sitting Capacity
Major Differences Between Own Damage (OD) Cover and Third-Party Cover In Three Wheeler Auto Insurance
|Coverage||Own Damage (OD) Cover||Third-Party Liability Cover|
Provides coverage for damages to your vehicle due to accidents, theft, natural calamities, fire, and more.
Covers legal liabilities for damages caused to third-party property, injuries, or death due to your Three Wheeler Auto's involvement in an accident.
Scope of Coverage
Protects your own vehicle against a wide range of perils and damages.
Only covers damages and injuries caused to third parties, not your vehicle.
Based on factors like Three Wheeler Auto's make, model, IDV, and add-ons chosen.
Regulated by the Insurance Regulatory and Development Authority of India (IRDAI). Premium rates are predefined based on the Three Wheeler Auto's engine capacity.
Comprehensive coverage for your vehicle, including theft, own damage, and accidents.
Limited to liabilities arising from third-party property damage, injuries, or death.
Various add-ons like zero depreciation, engine protection, roadside assistance, etc., can be availed to enhance coverage.
No add-ons are available, as it is a standardized cover as per IRDAI regulations.
Optional, but highly recommended for complete protection of your vehicle.
Mandatory by law to drive a vehicle on Indian roads.
Applicable for damages to your vehicle, subject to policy terms and conditions.
Covers financial liabilities towards third parties up to the prescribed limits.
Can significantly impact the premium amount based on the extent of coverage and chosen add-ons.
Premium rates are fixed as per the IRDAI guidelines and are based on the Three Wheeler Auto's engine capacity.
How to Settle Third Party - Three Wheeler Auto Insurance Policy Claims?
Survey and Inspection
Exclusions of Third Party Three Wheeler Auto Insurance
Driving without License
War and Nuclear Risks
Racing and Speeding
Damage Beyond Policy Scope
Documents Required for Claim Settlement under Third Party Three Wheeler Auto Insurance
Valid Third Party Insurance
Contact Information for Claim Settlement: related to Third Party - Three Wheeler Auto Insurance
If Policy Obtained through Agent/Broker
Claims are the reason we get a car insurance in the first place! Therefore, ensure the claim process of your desired car insurance is smooth and doesn’t take too long. When you’re in trouble, the last thing you want is, to spend all your time and energy in just filing a claim!
If Policy Obtained Directly from Insurance Company
Claim Settlements are basically getting your compensations done right. Claims being such an important part of a car insurance, check for your desired insurer’s claim settlement ratio so that you’re assured that no matter what, your claims will be settled!
Claim Contact Information for Policy from Beemawala.com
If you have taken the policy from Beemawala.com, please use the following contact details to register your claim.
- Phone: +91-9654259715
- Email: firstname.lastname@example.org