Motor vehicle Inaurance

Even the most careful and cautious driver may be involved in a road accident. By law, the owner or driver of the car responsible for the accident is liable for the cost of repairs, as well as other costs related to the accident. All compensation costs must also be covered, by the insurance policy or by other means.

 

Third party insurance is compulsory. Regardless of who caused the accident, third party insurance covers all injuries and damage to third party caused by the arising out of the use of a motor vehicle on the road. It provides financial cover for bodily injury and damage to other people's property. In some cases, the amount normally payable may be modified as circumstances demand.

 

Third party insurance does not cover damage to your own vehicle or any load you may be carrying.it is therefore wise to take out some form of extra insurance.

Make sure to get helpful advice when arranging your insurance policy and read the terms carefully before signing it. 

Never drive a car if you do not have a valid vehicle licenseen

If you do, you will not be covered by the third party insurance policy. This is not only illegal, but could also cause you some serious financial problems if you have accident.

Insurance premiums vary considerably, depending on the insurer. The exact amount payable will depend on the traffic and accident categories of your type of vehicle, the theft statistics associated with that particular make and model, your annual mileage, the place where you live, and any no-claims bonus or other form of discount to which you may be entitled. As a rule support cars are more expensive to insure than ordinary car models therefore, before going in for a particular type of car, it may be wise to call some insurance companies and ask about the policies they offer.

Never accept the blame for an accident directly on the spot, especially in the presence of the police. Anything you say, at a time when you may be in shock, or a state of extreme confusion, may be noted and used against you later.