Viru 08 June 2019

information about vehicle insurance

May I know about first party insurance and second party insurance and third party insurance difference between them.

There is no first Party and Second PArty in Insurance. It is known as Own Damage and Third Party.

Own Damage as the name suggests its for damaging ones property whether moveable and/or immovable, Vehicle, Self.

Third Party means property and life of other persons.

Hope this clears your doubt on Own Damage and Third Party Insurance Term.

Regards

Adv. Rohit Dalmia

9324538481