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.
