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In: Finance

Compulsory third party (CTP) insurance covers: a. the legal liability of the driver arising out of...

Compulsory third party (CTP) insurance covers:

a.

the legal liability of the driver arising out of the use of the vehicle
b.

for damage to the vehicle, whether for repairs or if the vehicle is a total loss
c.

cover for the insured or the driver (driving with the insured’s consent) for their legal liability in relation to property damage as a result of an accident arising out of the use of the vehicle
d.

both a) and c)

Solutions

Expert Solution

Compulsory third party insurance covers only the legal liability of the driver or owner arising out of use of vehicle in respect of inquires caused to third parties. It doesn't cover any damage caused to own property or other's property.

jeff jeffy answered 2 years ago
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