Get Standard Form For Liability Only Policy - Chola Ms

IMT 29 is an essential component of motor insurance in India that provides personal accident coverage for the owner-driver. This clause ensures that vehicle owners are financially protected in the event of bodily injury, death, or permanent disablement due to an accident.

There are three different types of insurance - Private Car Insurance, Two-wheeler Insurance, and Commercial Vehicle Insurance.

IMT.20. Reduction in the Limit of Liability for Property Damage.

What is IMT 23? To cover excluded items like- bumper, headlights, fender, bonnet parts, tyre, tubes & painting in commercial vehicle IMT23 is used. Extra premium is taken to cover these items.

Liability-only coverage is also known as third-party car insurance, as it only covers damages and injuries to third parties. It is the minimum coverage required by law in India, and it provides financial protection in case you cause damage to someone else's property or injure them in an accident.

Liability Only Policy covers any legal liability you may face that occurs out of damage or loss to a third party only - including death, injury, and/or property damage in the event of an accident that involves your insured vehicle. This is following the stipulations laid out by the Motor Vehicles Act, 1988 .

In short, a liability only insurance policy is an insurance policy in which the third party and his/her property or vehicle is covered but the insurer or his vehicle is not covered. A liability-only insurance cover in motor insurance helps cover the damages of other party's property and injuries happen in an accident.

Liability-only coverage is also known as third-party car insurance, as it only covers damages and injuries to third parties. It is the minimum coverage required by law in India, and it provides financial protection in case you cause damage to someone else's property or injure them in an accident.

Coverage under Liability Only Cover Coverage in the case of death of a third party or bodily injury to a third party. Financial support for the insured vehicle owner/driver in case of Permanent Total Disability. Compensation for the insured vehicle owner/driver's Accidental Death.