Third-party liability insurance, commonly known as third-party insurance, is a mandatory form of auto insurance that safeguards individuals against financial liabilities resulting from damages or injuries caused by the insured vehicle to third parties. It is a legal requirement in many jurisdictions, including the UAE, emphasizing responsible driving practices and ensuring financial protection for affected third parties. It specifically covers the policyholder's legal liabilities, including property damage and bodily injuries, but crucially does not extend to cover any damages incurred by the policyholder's own vehicle. This type of insurance is often a more economical option, providing essential protection while adhering to legal obligations and promoting financial responsibility on the road.
Opting for third-party car insurance for your vehicle comes with a host of significant advantages:
Third Party Liability Insurance encompasses inclusions to safeguard against unforeseen events. Primarily designed to cover damages inflicted upon third-party vehicles by the policyholder, this insurance provides financial protection for the affected parties. Inclusions typically involve
Here is a compilation of exclusions for third-party insurance in the UAE that is not within the coverage:
Additionally, third-party insurance excludes coverage for intentional acts or incidents beyond specified geographical boundaries. Policyholders must be aware of these exclusions to make informed decisions about their overall insurance needs and consider additional coverage options for extensive protection.