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This is a simplest, and cheapest type of insurance that you can buy, also there is a law for each vehicle on road needs it. Essentially, policy of this type means that in case you cause accident, then any damage that is caused to somebody else's vehicle is paid for and they will not be left out from the pocket. With the third party insurance, then damage to your car may not be covered, and nor you can claim in case your car is stolen.
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