With Britam, if you're not interested in a comprehensive policy, a third-party policy is the most basic form of insurance you can get. Here's what you need to know:
Protects you from damages and losses caused to a third-party in case of an accident.
Covers liability arising out of damage to third-party persons and injuries caused by the insured vehicle.
Third-Party Only (TPO) - covers the insured from liability arising out of damage to third-party persons and injuries caused by the insured vehicle.
Third Party, Fire & Theft (TP&FT) - covers third-party liability and provides protection against fire and theft of your vehicle.
The main difference between these is the scope of the cover that the insured party enjoys, with the minimum legal requirement being the TPO.
This liability is the most common insurance claim; it arises out of small to medium road accidents where the insured has caused damage to property that belongs to other people like vehicles or buildings, caused death or injury to pedestrians or public or caused death or injury to passengers.
This type of insurance protects the interest of only third parties, not yours