Mataracy
VIP Contributor
The insurer is liable for the repair of damage to third party vehicle, electricity poles , building etc, caused by the insured provided that he has been adjudged negligent by the police or court of law. This can apply to private car comprehensive or third party, fire and theft or third party policies with extensions.
Usually insurers settle third party liability on motor and other property by paying the insured or the third party property.
As regards third party's bodily injury or death , compensation is paid directly to the injured person or his legal personal representative. At law , the amount payable in respect of death of or injury to third parties is unlimited. However, the insurance company and the third party may come to a compromise settlement and if this fails, settlements may be directed by the court. The injured person is also covered foredical expenses, hospital bills etc.
If any life is lost in the incident, the dependants or the legal persona representative of the deceased would pursue his rights. Death certificate and letter of administration are required before the necessary compensation is paid.
Usually insurers settle third party liability on motor and other property by paying the insured or the third party property.
As regards third party's bodily injury or death , compensation is paid directly to the injured person or his legal personal representative. At law , the amount payable in respect of death of or injury to third parties is unlimited. However, the insurance company and the third party may come to a compromise settlement and if this fails, settlements may be directed by the court. The injured person is also covered foredical expenses, hospital bills etc.
If any life is lost in the incident, the dependants or the legal persona representative of the deceased would pursue his rights. Death certificate and letter of administration are required before the necessary compensation is paid.