INSURANCE OF MOTOR VEHICLES AGAINST THIRD PARTY RISKS

In India every motor vehicle is insured against third party risks. On the occurrence of an accident the number of the vehicle is to be noted down. In case of any injury to the body or loss to vehicle or property compensation can be obtained against the driver/owner of the vehicle. It is the insurance company, which is liable to pay the compensation to the victim and not the driver of the vehicle, who caused the injury. The victim has to put forth his claim before Motor Vehicle Tribunal, which awards compensation.

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