ประกันรถยนต์ชั้น 3 is also known as third party accountability insurance that covers any liability that is made to any third party person, vehicle, or property that includes any damage or loss. It is obligatory for vehicles, or else a heavy fine is charged. It shields your pocket from any loss that might occur if any third-party wheels are damaged by your car.
For instance, if your vehicle damages another car’s headlights, ประกันรถยนต์ชั้น 3 will cover up for any loss that happened due to the same.
Why is this insurance important
This insurance comes in handy when one protected vehicle hits or collides with a different vehicle. The level of destruction caused by a collision cannot be imagined. It might cause death. In such cases, the victim can claim a settlement by registering a case. In such circumstances, the third party coverage helps by settling the liability claims that arise due to property damage, physical injury, or even the other party’s death.
How does ประกันรถยนต์ชั้น 3 work
It eases out legal formalities for the first party for causing harm to the third person. The first part mentions the responsible vehicle proprietor who caused the damage or/ injuries.
A third party files the liability claims. The insurance party or the second party assists the vehicle owner with a financial burden and pays the third party’s legal accountabilities.
The insurance party caps two kinds of protection claims – property loss liability and physical injury liability. It gives hospitalization liability coverage, loss of income, distress or even demise, or some permanent injury.
Benefits of third party insurance
- Legitimate claims can be financially exhausting. And if the vehicle owner is unable to pay for the loss, it can lead to bankruptcy. ประกันรถยนต์ชั้น 3 helps the owner financially without draining the savings.
- It covers the legal responsibilities of the policyholder if they cause accidental damage. Neither the insurance company nor the insurer is benefited by this insurance but the third party.
- It fulfills the legal charge. That means if the vehicle is insured, the owner abides by the laws of the country. Hence, saving himself/herself from fine violation.
- It is a fast and easy process to acquire and has a cost-effective system.
It protects the vehicle owner financially, giving coverage against physical injuries, assets damage. This insurance permits you to drive lawfully and protects you from unexpected injuries and traffic penalties.