When it comes to driving in Sri Lanka, motor insurance is not just a legal formality it is a crucial safety net. Among the various types of insurance, Third-Party Motor Insurance is mandatory by law for all vehicle owners. But why is this coverage required, and what benefits does it offer? In this guide by Peoples Insurance, we break down everything you need to know about third-party motor insurance in Sri Lanka.
Legal Requirement for Vehicle Owners
According to Sri Lankan law, all registered vehicles must have at least third-party insurance before hitting the road. This requirement exists to protect both the public and vehicle owners. Driving without a valid third-party motor insurance policy can lead to severe penalties, including fines, license suspension, and legal consequences in the event of an accident.
What Does Third-Party Motor Insurance Cover?
Third-party motor insurance primarily protects you against damages or injuries caused to others while driving your vehicle. This includes:
- Property damage caused to another person’s vehicle or property.
- Bodily injury or death of a third party involved in the accident.
It’s important to note that third-party insurance does not cover damage to your own vehicle. For protection against your own losses, you would need a comprehensive motor insurance policy.
Benefits of Having Third-Party Motor Insurance
- Financial Protection – Accidents can lead to costly legal claims and compensation demands. Third-party motor insurance covers these expenses, saving you from financial burdens.
- Legal Compliance – Driving without third-party insurance in Sri Lanka is illegal. Having the coverage ensures you are fully compliant with the law.
- Peace of Mind – Knowing that you are covered in case of an accident allows you to drive confidently and safely.
Why Choose Peoples Insurance for Third-Party Motor Cover
Peoples Insurance is recognized as one of Sri Lanka’s best general insurance providers, trusted by vehicle owners nationwide. Their third-party motor cover is backed by fast and efficient claims processing, competitive premiums, and excellent customer service. With 24/7 support available for emergencies and inquiries, as well as the convenient Call & Go option for obtaining documents and assistance quickly, Peoples Insurance ensures that drivers meet their legal obligations while enjoying dependable protection on the road.
How to Get Third-Party Motor Insurance in Sri Lanka
Getting your third-party motor insurance is simple:
- Visit the Peoples Insurance website.
- Provide details about your vehicle and driving history.
- Compare quotes and select the best plan.
- Make your payment and receive your policy instantly.
Driving without third-party insurance is risky and illegal. By securing this coverage, you not only comply with Sri Lankan law but also protect yourself and others on the road.
For more information on motor insurance in Sri Lanka and to get an instant quote, visit Peoples Insurance or contact their 24/7 call center at 0112 206 306 for assistance today.
Don’t wait – ensure your vehicle is legally protected before your next journey!