Motor Third Party Liability Clause Samples
The Motor Third Party Liability clause establishes the insurer's obligation to cover the policyholder for legal liabilities arising from injury or damage caused to third parties by the insured vehicle. This typically includes compensation for bodily injury, death, or property damage suffered by individuals other than the driver or owner, as a result of an accident involving the insured vehicle. By providing this coverage, the clause ensures that victims of road accidents receive compensation and that vehicle owners comply with statutory insurance requirements, thereby protecting both third parties and policyholders from significant financial loss.
Motor Third Party Liability. Extensions
Motor Third Party Liability. The Motor Third Party Liability insurance covers compensation for personal injury and property damage caused as a result of the Vehicle being in traffic, pursuant to the Swedish Motor Traffic Damage Act. This includes: Compensation relating to death of or bodily injury to any person including the Driver; and/or Compensation relating to damage to third party property.
Motor Third Party Liability. The Insurer will indemnify the Insured as provided in Section 3A of the Policy, and for any of the Extensions as set out in Section 3B where so provided in the Master Lease Agreement, subject to the Policyholder complying with the terms of the Policy and subject to the Policy’s limitations, conditions and exclusions.
Motor Third Party Liability. Details of insurance cover and Risks Insured are indicated in the Insurance Policy.