insurance to third parties
The phrase 'seguro a terceros' in Spanish translates to 'insurance to third parties' in English. This is a type of insurance that covers damages caused by the insured to third parties. It's very common in fields such as car insurance. For instance, if you have an accident, and it's your fault, your insurance company will cover the damages caused to the other party.
My third party insurance does not cover own damages.
This phrase is commonly used when discussing insurance policies, indicating that the speaker's third party insurance doesn't cover damages to his or her own vehicle or property.
Third party insurance is compulsory in many countries.
This phrase is stating a fact about the legality of third party insurance, noting it is a requirement in many places around the world.
In case of an accident, the third party insurance will cover the costs.
This phrase is commonly used to explain the purpose of third party insurance, which is to cover the costs associated with an accident.