What is the difference between third party & comprehensive motor insurance?

-


What is the difference between third party & comprehensive motor insurance?

Third party motor insurance is a type of motor insurance that covers the policyholder for damage or injury they may cause to another person or their property while operating a vehicle. This type of insurance does not cover the policyholder for any damage to their own vehicle.

Comprehensive motor insurance, on the other hand, provides a more extensive level of coverage. In addition to covering the policyholder for damage or injury they may cause to another person or their property while operating a vehicle, comprehensive car insurance also covers the policyholder for damage to their own vehicle, whether it is caused by an accident, theft, or other covered events.

In summary, the main difference between third party and comprehensive motor insurance is the level of coverage provided. Third party insurance only covers damages or injuries to other people or their property, while comprehensive insurance provides a wider range of coverage, including damages to the policyholder's own vehicle.

Comments

Post a Comment

Popular posts from this blog

Is it possible to take motor insurance without a insurance agent?

-
Image
Is it possible to take motor insurance without a insurance agent? Yes, it is possible to purchase motor (private, commercial) insurance without using an insurance agent. Many insurance companies offer the option to purchase insurance directly through their website or over the phone with a customer service representative. This allows you to compare quotes, select a policy, and purchase insurance without the need to work with an agent. In some cases, you may be able to find a lower price by purchasing insurance directly from the company rather than through an agent, as the agent may charge a commission for their services. However, working with an insurance agent can also have its benefits, as they can help you understand your coverage options and assist you in selecting a policy that meets your needs. Ultimately, the decision to work with an insurance agent or purchase insurance directly will depend on your personal preferences and needs.
Read more

What should I check before buying motor insurance?

-
Image
What should I check before buying motor insurance ? When shopping for motor insurance, there are several things you should consider to help you find the right policy for your needs: Determine your coverage needs : Consider the value of your vehicle, your personal assets, and your potential liability risks. This will help you determine the level of coverage you need. Compare quotes : Get quotes from multiple insurance companies to compare coverage options and pricing. Review policy exclusions and limits : Make sure you understand what is and is not covered by the policy. Consider the insurer's financial stability : Choose a financially stable insurer that has a good reputation for paying claims. Read the fine print : Carefully review the policy terms and conditions, including any exclusions or limitations, to ensure you understand the coverage you are purchasing. Consider additional coverage options : Depending on your needs, you may want to consider additional coverage options such...
Read more