The third party section of a motor insurance policy is an example of what class of insurance?

The third party section of a motor insurance policy is classified as liability insurance because it covers the policyholder's legal obligations to compensate others for bodily injury or property damage caused by their vehicle. Liability insurance is designed to protect individuals against claims resulting from injuries and damage they may cause to third parties, which aligns well with the nature of motor insurance.

In this case, when a driver is at fault in an accident and injures another person or damages their property, the third party liability coverage will pay for those claims, ensuring that the policyholder fulfills their financial responsibilities. This aspect of insurance is crucial for providing peace of mind to drivers, knowing that they are covered for a potential legal liability arising from the use of their vehicle.

Other classifications, such as contingency, pecuniary, or property insurance, do not apply here. Contingency insurance typically covers uncertain events, pecuniary insurance focuses on financial loss, and property insurance protects the policyholder's own assets rather than liabilities to others.