Third-party Claims
Motor Vehicle Act is Social Beneficial Legislation but when under the liberalization policy the Pvt. Insurance Cos. started business in India then there are mor complications in Third Party Claims. Govt. of India in Parliament makes the necessary amendments in Motor vehicle Act time to time for 3rd party Claims and in 3rd Party Claims Except Insurer and Insured all others are 3rd party and under the Motor Vehicle Act any-one apply with Motor Accident Claims Tribunal on account of injuries received by him in ROAD-SIDE ACCIDENT hit by motor vehicle on public place.
Legal Representatives can apply for grant of compensation under 3rd party Claim on account of death in in ROAD-SIDE ACCIDENT hit by motor vehicle on public place.
As pee Motor Vehicle Act 3rd Party Insurance of any vehicle is mandatory as such if any damages occurred to any property/or vehicle hit by another vehicle that is also payable under 3rd party claim.
In this 3rd Party Claims the award has been passed against the owner driver of the vehicle who caused the accident and as per Motor Vehicle Act the Insurance Co. of that vehicle has to pay the compensation amount determined by the Motor Accident Claims Tribunals on account of injuries, death and property damages.
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