Terms Beginning With 't'

Third Party Insurance

  • January 29, 2020
  • Team Kalkine

A type of insurance purchased by an insured from an insurer to protect itself from the claims of another party. This is applicable when the first party i.e, insured, in case of any event or case, becomes liable to pay to a third party. In that case third-part insurance become useful as it payoff all the amount which is liable to the third party.

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