Third Part Insurance

Third Part Insurance Service By Arth Vipra Finvest Pvt Ltd

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What is Third Party Insurance?

Third-party insurance, which is also sometimes referred to as ‘act-only’ insurance, is a statutory requirement for all vehicle owners as per the Motor Vehicle Act. It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle, personal property and physical injury. The policy does not provide any coverage to the insurer.  If a policyholder meets with an accident, then the insurer offers financial assistance to pay for the cost of repairs to the third-party property. Thus, it reduces the financial burden for the policyholder. In the event of an accident, the insured must inform the insurance company about it immediately before filing for a claim. When the claim is filed, the insurer appoints a surveyor to assess the damages and verify the estimated cost of repairs. Once the verification is completed, the insurer settles the claim.

What does Third Party Insurance cover?

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We at Arth Vipra Finvest Pvt Ltd guide to the right solution with our expertise
Lucknow, Uttar Pradesh
Our Services are available in Lucknow , Uttar Pradesh and Surrounding areas.

Benefits of Third Party Insurance:

  • Third-party insurance offers a basic level of protection to all policyholders. 
  • It is also referred to as liability-only or act-only policy
  • It offers protection against the legal liability to a third party that may arise due to policyholder’s involvement in the accident. It compensates for the personal injury, loss of life, and property damage to the third-party
  • A significant feature of this type of policy is that it has an affordable premium
  • Third-party insurance does not offer protection to the insured car itself

Motor Insurance

Cover your vehicles from potential risks financially.

Travel Insurance

Travel Insurance gives you the power to take a step back and enjoy your travel experience.

Fire Insurance

Claim damages done due to fire related insurance

Home Insurance

Protecting your home with insurance will give you a sense of security

Why is Third Party Insurance important?

Third-party insurance is a mandatory requirement by law. So, having third-party cover allows the policyholder to comply with the legal obligation. Although it is a basic coverage option, it gives the policyholders peace of mind knowing that they have sufficient financial protection against the damage they may cause to other people in an accident. Third-party motor insurance secures the policy holder’s finance against accidental risks. 

Address

E-3/35, Vishesh Khand , Gomti Nagar, Lucknow, Uttar Pradesh 226010
15/90, Civil lines, Kanpur-208001

Contact Details

Phone No: 979-539-7222
Email: info@arthvipra.com
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Arth Vipra Finvest Pvt Ltd

Our Services are available in Mumbai, Pune, Satara, Kolhapur, Delhi, Gujarat and surrounding areas.

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Arth Vipra Finvest Pvt Ltd is ready to cater
all your Insurance Requirements

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Customers and their needs are our first priority. All our insurance plans are tailor made

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We give back to our community and get involved with the charities we support.

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We go the extra mile to exceed your expectations, no matter what you need.

Experienced Agents

With extensive experience, we understand what it takes to bring you quality coverage.

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We at , Arth Vipra Finvest Pvt Ltd suggest you the right product with our expertise.

Lucknow, Uttar Pradesh

E-3/35, Vishesh Khand , Gomti Nagar, Lucknow, Uttar Pradesh 226010
15/90, Civil lines, Kanpur-208001