Compulsory Third-Party Motor Insurance: Who Qualifies and What You Get
Learn about the mandatory insurance required for all vehicles on public roads to cover damages caused to others.
This is a mandatory insurance requirement for every vehicle operating on public roads. It ensures that if you cause damage to someone else, there is financial protection in place to cover those costs.
Who it's for
This scheme is mandatory for all vehicle owners operating on public roads. If you drive a vehicle on the road, you are required to have this coverage.
What you get
This provides legal cover for damages that you may cause to third parties. This means it helps pay for costs related to injuries or property damage caused to other people.
What it costs you
You will need to pay an annual premium to maintain this coverage. The amount you pay is determined by the engine capacity of your vehicle.
The catch to know
The most important thing to remember is that this insurance only covers damages caused to others. It does not cover any damage to your own vehicle.
How to apply
- Contact an insurance provider.
- Provide your vehicle details, including engine capacity.
- Pay the required annual premium.
- Keep your digital or physical policy documents ready for inspections at checkpoints.