Most Common Question : Third party vs Full Cover
Opting for a car insurance is not a tough decision and you have tons of insurance providers who would come to you to get the job done. But choosing the type of insurance for your car, can be a troublesome affair which requires a lot of thinking, analysis and research on the part of the insured. So among Third Party liability insurance and Comprehensive Full Cover Car Insurance, which one should you choose? Find the winner Third party vs Full Cover
Third Party Car Insurance
Third party car insurance is compulsory or rather mandatory, when you decide on taking a vehicle insurance. This insurance covers any liability for death, damage or bodily injury inflicted on a third party because of an accident which is truly your fault or the fault of the driver driving your vehicle.Third party car insurance will not cover your injuries or your vehicle because of the accident caused by you or the driver of your vehicle.The insurance will cover pedestrians, passengers of all vehicles that was involved in the accidents, cyclists, damage caused to a third party property etc.
You can get your car repaired at a low cost and is more cheaper compared to the high premium you have to spend for comprehensive full cover car insurance.
Comprehensive Full Cover Car Insurance
Comprehensive full car insurance covers damage caused to the third party vehicle as well as your vehicle as well as additional damages caused to the passengers in both the vehicles. Your vehicle will also be covered against any damage caused by theft, fire, natural calamities and other unforeseen perils.
This kind of insurance is more expensive and involves higher premiums as it covers a wider range of damages compared to third party car insurance, but your vehicle will be more protected against all kinds of damages with the same.
So which is better?
Make a wise decision, depending on the love for your car; if you only see it as an equipment to reach places or is it for a full time and longer use? If you own a car that has a lesser value, you can always settle for third party insurance but if your car is brand new and costs a fortune, it is always best to go for comprehensive full cover car insurance as it securely insures your car against any kind of damage.
It will be a wise idea to opt for comprehensive full cover car insurance which is safe and covers all the damages; but at the same time costly hence you also have an option of opting for a different coverage while you renew your insurance policy. But if your car is old, so is the driver and there is not much value, opt for third party car insurance.
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