Third-party insurance refers to third-party liability insurance, which is a kind of commercial vehicle insurance, which mainly protects the personal and property losses of a third party in traffic accidents. A third party refers to a person or thing other than the insurer and the insured, such as a vehicle, pedestrian, roadside facility, etc.
To put it simply, it's everything other than the person and your car, including people.
The coverage of the three insurance includes:
Personal injury compensation items such as medical expenses, lost work expenses, nursing expenses, nutrition expenses, death compensation, funeral expenses, living expenses of dependents, and compensation for mental damages for third parties.
Compensation items for property damage such as vehicle repair costs, residual value of vehicles, vehicle parking fees, and interest on vehicle losses of third parties.
The amount of compensation for all three insurance depends on the insurance contract.
The limit of liability, which is the maximum amount of compensation paid by the insurance company. Generally speaking, there are a variety of liability limits for the three insurances, ranging from 50,000 to 20 million. Insurers should choose the appropriate amount of insurance according to their own financial ability and risk appetite when applying for insurance.
Generally speaking, the three-party insurance of 3 million is only a few hundred yuan
It is recommended to buy at least 3 million or more.