For heavy commercial vehicles, what is the maximum coverage under Extended Third Party Liability?

The maximum coverage under Extended Third Party Liability for heavy commercial vehicles is indeed $10 million. This coverage is designed to protect against damages for which the insured may be held legally responsible, including bodily injuries and property damage caused to third parties as a result of their vehicle operation.

In the context of heavy commercial vehicles, which can potentially cause significant damage due to their size and weight, the higher limits of liability coverage are particularly important. This helps ensure that in the event of a severe accident, there are sufficient resources to cover substantial claims that may arise.

Higher levels of liability can give owners and operators of heavy vehicles peace of mind, knowing that they have financial protection against catastrophic events. Coverages above this limit are typically not standard or may not be available through typical insurance policies, especially without special arrangements.

Thus, the option of $10 million reflects a common and reasonable limit for Extended Third Party Liability in the heavy commercial vehicle category, providing a balance between adequate protection and affordability for operators in the commercial transport industry.