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CAR INSURANCE TYPE 3 www.axa.co.th
Car insurance is a critical aspect of responsible vehicle ownership, offering protection against a variety of potential liabilities.
This basic insurance policy covers third-party liabilities but offers limited protection for the insured vehicle itself.
Type 3 Car Insurance is a form of car insurance that provides third-party liability coverage, protecting the policyholder from financial obligations arising from damage or injury caused to another person, vehicle, or property.
The primary feature of this insurance is that it focuses solely on liabilities to third parties, without offering coverage for the policyholder's own vehicle in the event of an accident.
This makes it one of the most basic forms of vehicle insurance, typically the minimum legal requirement for operating a vehicle in many countries.
Unlike more comprehensive types of car insurance, such as Type 2+ or Comprehensive Insurance, Type 3 Insurance does not include protection against risks such as theft, fire, or damage to the policyholder's car.
it remains an essential option for those who need to meet the legal requirements for vehicle ownership without incurring high premium costs.
The central feature of Type 3 Car Insurance is its third-party liability protection. This means that if the policyholder causes an accident that damages another person's vehicle, property, or results in injury or death, the insurance will cover the cost of compensation.
