{"id":1271,"date":"2023-05-10T20:30:12","date_gmt":"2023-05-10T20:30:12","guid":{"rendered":"http:\/\/www.marumeandfuridzo.com\/?p=1271"},"modified":"2024-01-05T05:31:48","modified_gmt":"2024-01-05T05:31:48","slug":"third-party-insurance-in-zimbabwe","status":"publish","type":"post","link":"http:\/\/www.marumeandfuridzo.com\/third-party-insurance-in-zimbabwe\/","title":{"rendered":"Third Party Insurance In Zimbabwe"},"content":{"rendered":"\r\n
A contract of insurance has been described as an agreement where an insurer promises in return for a money consideration, the premium, to pay the other party, the insured, a sum of money or provide him with some corresponding benefit upon the occurrence of a specified event. See Prudential Insurance Company v Inland Revenue Commissioners [1904] 2 K.B 658,<\/em> Gordon and Getz, The South African Law of Insurance, Third Edition @p 77.<\/em><\/p>\r\n\r\n\r\n\r\n In Zimbabwe, the Road Traffic Act (Chapter 13:11) provide for a statutory type of insurance called third party insurance. Section 22 of the Road Traffic Act makes it a requirement for users of motor vehicles and trailers to be insured against third parties. The requirements of this form of insurance are the same as those of the common law insurance contract except that the party claiming or on whose behalf a claim is brought, is not a party to the insurance contract, his claim being based on statutory requirements.\u00a0 <\/em>A third party is able to sue an insurer directly on the basis of ss 22, 23 , and 25 of the Road Traffic Act. These sections provide for compulsory statutory insurance cover to third parties harmed by conduct of insured persons or an authorized driver of the insured person.<\/p>\r\n\r\n\r\n