Diff Between 1St Party And 3Rd Party Insurance. The maximum compensation for property damage is rs 7.5 lakh. For example, assume you were injured in an oregon car accident that was caused by another driver.
A first party receives insurance benefits only under comprehensive insurance as part of own damage cover. The third party insurance cover is compulsory and takes care of third party liabilities. There are some very basic differences between 1st party car insurance and 3rd party car insurance.