A third party only policy is an example of which class of insurance?

A third party only policy is primarily associated with motor insurance because it specifically covers liabilities towards third parties arising from the use of a motor vehicle. In this context, the policy safeguards the policyholder against claims made by other individuals for damages or injuries resulting from accidents involving the policyholder's vehicle.

Motor insurance is unique in that it is mandatory in many jurisdictions, requiring vehicle owners to carry at least a minimum level of coverage for third-party liabilities. This type of policy does not cover the policyholder's own vehicle damage or injuries; instead, it focuses solely on protecting against claims made by third parties, such as other drivers, passengers, or pedestrians.

The other classes of insurance mentioned do not represent third party only policies in the same way. Pecuniary insurance relates to financial loss covering various non-physical risks, property insurance pertains to coverage for damage to physical possessions, and travel insurance generally includes protection against personal injuries and loss of belongings while traveling. Therefore, the classification of the third party only policy clearly aligns with motor insurance.