Third-party insurance cover of every vehicle plying in India is mandatory. It is illegal to drive on the road without third party insurance. Often, vehicle accidents are reported, but the third party cover limit has not been indicated in case of injury or death from the accident. The court decides how much amount should be paid as compensation and is paid by the insurance company. Unfortunately, if someone is harmed by your vehicle, what do you have to do in such a situation?
What is third party insurance
Third-party insurance has been made mandatory under the Motor Vehicles Act. When there is an accident on the road, inadvertently, third party insurance is required there. This reduces the financial burden on you. In the case of a third party claim, a special court, motor accident claims tribunal (MACT) has been set up to decide the party which makes decisions related to the claim.
Third-Party Class Registration
The disposal of third party class, third party insurance involves legal procedures with MACT. Therefore, inform the police in time and lodge an FIR. The owner of the vehicle should inform his insurance company about the immediate loss. In addition, in the case of third party class, some documents are also required, such as:
A form signed by an injured person. Copy of Driving Licence, Policy, and Copy of FIR. Copy of RC of vehicle. Required stamp if in case of the original document of a registered vehicle of the company. Permits and fitness in case of a commercial vehicle, where applicable. This method can be dealt with quickly in the process of third party class. Immediately click a photo of the accident and the damage caused due to the accident before removing the vehicle from the accident site. The farm form should be in detail and accurately aware of the incident. Ensure that the injured are taken to the nearest hospital. If the hospital has to pay, inform the insurance company immediately.
Registration Deadline
It is important to register third party insurance at the earliest. There is no written rule, yet it is necessary to inform the insurance company within 24 to 48 hours of the accident. Even if your case is pending in court, it is better for you to be in touch with your insurance company continuously.
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