Third Party Vehicle Insurance in Zimbabwe
According to the Road Traffic Act [Chapter 18:11], it is compulsory to have third party insurance in Zimbabwe. ? A motor vehicle or trailer cannot get a vehicle license without?it. It covers the compensation of third parties in the event of property damage, personal injury as well as death.
In this post, we are going to be looking into what exactly third-party insurance is, how to apply for it and what it covers, so, stick around.??
What Exactly is Third Party Insurance?
According to the Road Traffic Act [Chapter 18:11], all motor vehicles as well as trailers have to have third party insurance. This type of insurance does not cover the vehicle owner or anyone in or disembarking from the insured vehicle in the event of an accident.
It allows for third parties who might get injured, die or experience property damage to be compensated where the cause is the insured vehicle. This type of cover only allows compensation up to a maximum of USD$2,000 for third party property damage and USD$3,000 for third party bodily injury. You may choose to increase this limit at increased premiums based on your insurer.??
How much Does Third Party Insurance Cover in Zimbabwe?
The gazetted cover for third party pay-outs is, as stated above, you can arrange with your insurer to have this amount increased. This amount does not cover damage to your vehicle.
In situations where you are at fault, your insurer will pay out the necessary amount to affected third parties after the submission of specific evidence. We will speak more on this later. In the case of physical injury or death, your insurer will pay up to $3,000.
The payment for property damage is also up to a maximum of USD$2,000. However, if the damage caused exceeds the USD$2,000 threshold, you will have to cover the shortfall yourself.
If you believe that you are exposed to high-risk situations where the damage exceeds the above amounts, it is a good idea to negotiate for a higher threshold. It will, however, mean that you will pay a higher premium.?
How Do I Claim Third Party Insurance in Zimbabwe?
What is the process of claiming third party insurance in Zimbabwe? You will need to present the following documentation in order to make a successful claim:
1. A police report
2. Proof of insurance
3. A completed insurance claim form
4. Your Driver’s license
5. Quotations for medical treatment or proof of treatment
6. 3 vehicle repair quotations
7. Death certificate in the event of death(s)
When it comes to motor vehicle and trailer insurance, third-party insurance is a non-negotiable in Zimbabwe. It offers you peace of mind in the event of damage, injury or death where you’re at fault. You will, however, need to take care of your own expenses or anything above the third-party pay-out threshold.