Third party
insurance could help this person.
Third party insurance, according to ThirdPartyInsurance.com, is an insurance option for drivers that covers any liability they may incur while driving. This can include other cars, medical expenses and many other situations.
Difference from Auto Insurance
Auto insurance covers the policyholder's car only. This means that even if someone has a very good auto insurance policy, he can still be stung with a very large bill if he gets in an accident that damages someone else's car. Third party insurance covers this liability.
What It Covers
Third party insurance does not just cover repairs and replacement for automobiles. It also covers damages to houses, fences, and other property and medical bills. This makes driving a less riskier proposition in terms of potential expenses.
Beneficiary
In an auto accident, the policyholder is referred to as the first party. The insurance company, which bears the costs, is called the second party. The other person involved--whether that person was driving, walking or gardening--is called the third party, and this is who third party insurance covers. So, to have your medical expenses covered by third party insurance, you need to be a third party, not necessarily have third party insurance.
Example
Assume you own a 1985 Toyota Corona. If the Corona was destroyed in a wreck, you would be responsible for replacing it--a cost of around $400, which is not an amount that justifies monthly insurance costs. However, if you were responsible for a wreck in which a 2004 Mercedes-Benz was destroyed, you would be liable for the roughly $50,000 replacement cost. Third party insurance would cover the Benz but not the Corona.
