- HDFC ERGO Community
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- Motor Insurance
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- Motor Insurance - Others
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- Third Party Compensation
16-11-2016 05:43 PM
16-11-2016 05:43 PM
I had an accident. Can I compensate the third-party with cash?
16-11-2016 06:17 PM
16-11-2016 06:17 PM
You should not agree to pay cash for the damage or injury caused to the third party during accident as cash may not be redeemed by the insurance company. It is also important to lodge a complaint at the police station, and keep a copy of the FIR. Instead of cash, you can give a photocopy of the insurance policy to the third-party.
17-11-2016 09:56 AM
17-11-2016 09:56 AM
The insurance company will compensate the third-party for inuries or damages caused during accident. Cash is not needed, just give them a xerox of the policy