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Meena
Contributor
Posts: 71
Registered: ‎26-07-2016

Third Party Compensation

I had an accident. Can  I compensate the third-party with cash?

2 REPLIES 2
dasu
Contributor
Posts: 50
Registered: ‎31-03-2016

Re: Third Party Compensation

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.

Frequent Contributor
Posts: 119
Registered: ‎31-03-2016

Re: Third Party Compensation

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

Anuj Shergil