Define Third Party Property Damage Insurance : Claim for Third Party Property Damage and/or Bodily Injury | Liberty Insurance Hong Kong : This compensation payment can take into account medical costs, lost earnings, and the replacement or repair of damaged property.
Define Third Party Property Damage Insurance : Claim for Third Party Property Damage and/or Bodily Injury | Liberty Insurance Hong Kong : This compensation payment can take into account medical costs, lost earnings, and the replacement or repair of damaged property.. Property damage is damage to the property of a business or to the property of a third party. When you take out an insurance policy, you're forming a legal relationship with your insurance provider. So if you happen to hit a brand new ferrari or someone's expensive bike, and you have third party property, you can rest assured that you'll only need to pay the damage bill for your own car. Third party property damage insures you for damage you cause to someone else's car or property while driving your vehicle but doesn't include cover for your vehicle. Second, property damage liability covers costs resulting from damages to or loss of property.
This compensation payment can take into account medical costs, lost earnings, and the replacement or repair of damaged property. Learn more about how it's covered by business insurance. Also referred to as legal liability coverage, this section of your home or car insurance policy is set up to cover things. Should i send my vehicle for damage repair at your panel repairer if i opt for insured can enjoy cart benefit by payment of additional premium based on cover purchased on rate per day and number of days. Save up to 10% on your car insurance when you apply online.1.
