A motor vehicle third-party policy only covers damage to the vehicle or property of the policyholder.Question 9Select one:TrueFalse
Question
A motor vehicle third-party policy only covers damage to the vehicle or property of the policyholder.
Question 9
Select one:
- True
- False
Solution
Analysis of the Statement
-
Understanding the Policy Type: A third-party policy primarily provides coverage for damages caused by the policyholder to third parties, which includes other vehicles or property. It does not cover damage to the policyholder's own vehicle or property.
-
Key Features of Third-Party Coverage:
- Third-Party Protection: The policy protects you against claims made by others for damages or injuries.
- No Personal Coverage: It does not cover any damage to your own vehicle or property.
Conclusion
Based on the explanation and features of third-party motor vehicle insurance, the statement "A motor vehicle third-party policy only covers damage to the vehicle or property of the policyholder" is False.
Final Answer
False
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