According to Statista, the United States of America ranks among the top countries with the heaviest road traffic. With over 225 million licensed drivers and 264 million vehicles in 2018 alone, the country cannot escape the grappling hands of traffic. Unfortunately, traffic is one of the leading causes of more road accidents approximately 6.3 million damages and fatalities in 2015. If you have cars (or other properties), you have to adamantly secure a third party insurance policy to safeguard your assets. Here are well-versed and professional third party insurance policy templates that insurance companies can use at their convenient time.
9+ Third Party Insurance Templates in Google Docs | Word | Pages | PDF
1. Insurance Contract Template
If your client has plans of adding third party insurance in their current contract example, you need to make use of this excellent template sample. The Insurance Contract Template has a well-organized and easy-to-navigate format that helps insurance agents and clients plan their agreements comprehensively. Don’t let this chance slip away and download right away!
2. Sample Insurance Agency Business Plan
No company can survive the competitiveness of this current economic setting without an advantageous business plan at the tip of their fingers. And even insurance agencies need to utilize these documents to have their goals realigned. The Sample Insurance Agency Business Plan has a professional layout that businesses can use to determine their objectives and marketing plans. Editable in three different applications, this template is a time-saver; download now!
3. Notice of Insurance Claim Template
Inform your insurance company about your notice for insurance claims with the use of this high-quality template sample. The Notice of Insurance Claim Template has an organized layout complete with specifics on what details to include in the letter. Leave your worries behind by downloading a copy of this claim letter template.
5 Steps in Making a Third Party Insurance
Step 1: Explain the Insurance Policy
For those new to the term, third party insurance is a type of policy that policyholders purchase to safeguard their assets motor vehicles, real estate, patents, properties from claimants. To review, the company (second party) covers the liability of the insured in case of damages or losses on a third party. Instead of giving the claim to the first party (insured), it’s transferred to the third party. When making the third party insurance policy, you have to make sure that the policy owner understands the processes of the plan.
Step 2: Talk About the Collision or Comprehensive Coverage
If the third party insurance includes either one or both of the coverages, you need to provide a concise and easy-to-understand description of the policy. Collision insurance only counts the physical damages acquired by the vehicle when involved in a collision. On the other hand, comprehensive coverage covers other losses such as theft, natural disasters, vandalism, and animal destruction. You have to discuss the features of your third party insurance to your clients.
Step 3: Include the Limitations
Each policy has its limitations and restrictions, especially when it comes to the vehicles or materials covered by the insurance. Make sure that the insured understands the regulations of the policy they’re getting from your company. To make things easier, you can designate a section for the limits of the policy.
Step 4: Discuss Terms and Conditions
Some policy owners might assume that you cover cases like vehicle example confiscation or mechanical failure in the third party insurance. But if that’s not part of your policy, you have to be certain that the insured knows about it. Discuss terms and conditions thoroughly to avoid miscommunication with your clients.
Step 5: Requirements for the Claim
For the last part of your document samples, you need to provide a list of specifications that policyholders should show when they’re claiming their insurance. Your checklist should be in line with the purpose of the insurance. Don’t add requirements that have no relation to the policy at hand.
4. Damage Report for Insurance Template
When a mishap occurs to your vehicle or property, you’ll need to report the situation to your insurance company. If you have no report sheet to write on, then it’s time to have a copy of this template. The Damage Report for Insurance Template features professionally written content, which can vary together with the changes in the policy. You can also use this template for reporting damages for third party insurance. Grab your copy right now!
5. Assessment Report Template
After reading the reports and documents submitted by the first party, insurance companies have to assess the circumstances. Considering the liabilities that the first party and second party might take, people involved in the process of insurance should do simple assessments for every case. The Assessment Report Template has a systematic format to help analysts in their work progress. Don’t wait for tomorrow and download it this instant!
7. Third-Party Confidential Information Policy Template
Are you searching for a confidential information policy to use as a template for your insurance company? Well, if that’s the case, then you should consider this sample file. The Third Party Confidential Information Policy Template includes a simple format that different people can edit to fit their needs. Download this policy guide template today!
8. Free Car insurance Certificate Template
Immediately show a simple certificate of your car insurance to avoid hassle and unnecessary calls when involved in a dispute. The Free Car insurance Certificate Template has a neat and professional setup, which writers can revise according to the changes they need to do for the client. Click that orange button to get this handy template now!
9. Free Claim Letter Sample
As a protocol, clients (policyholders) should submit a claim letter to their insurance company for recognition. The Free Claim Letter Sample is a one-page document containing suggestive phrases to help individuals determine the flow of their request letter. Don’t wait for anything else, and download this right now!
10. Third-Party Insurance Sample Guide
Startup companies may experience trouble when creating a third-party insurance contract with their clients if they’re new to the business. To make things more comfortable, the Third-Party Insurance Sample Guide has a well-arranged format for the convenience of insurance agents. Make this yours by clicking the download button right away!
11. Third-Party Car Insurance Policy Sample
For those insurance companies searching for a well-detailed document booklet to give to their clients, this sample is the one for you. The Third-Party Car Insurance Policy Sample contains well-written content accompanied by elegant font styles that are reader-friendly. Create your booklet with this template and download it now!