When you’re buying your next car, you should be very aware of the details of car insurance. If you’re looking to purchase your new vehicle insurance from an agent or online, you must be aware of what your policy is going to cover. It is also crucial that you know what you are and aren’t going to be covered for in your policy.
One of the first things you will need to consider when buying car insurance is the safety of your vehicle. Third-party only insurance provides for damage and theft to your vehicle while the policyholder is not in the vehicle.
It can be easy to think that there is no way that your car is ever going to be stolen. Some so many drivers assume that they can drive down the road without ever having to worry about having a car stolen. Unfortunately, this is not always the case. It is up to you to make sure that your car is protected by adding third-party-only insurance to your coverage.
There are two different levels of coverage that you can choose from when you purchase your policy. The basic level is called third-party-only insurance. This includes damage to your vehicle, liability, and uninsured motorist coverage. With this type of insurance, you have collision, comprehensive, and personal injury coverage, but not coverage for third-party damage.
With the basic policy, you are only protected against third-party damage. You should do all you can to prevent this damage from happening. Things such as installing and using your car’s anti-theft system, and parking your car in a safe area. Any vehicle, including your own, should be parked in a secure spot and you must never leave your car unlocked.
Third-party only insurance is not enough to protect your vehicle from third-party damage. You will also need to select comprehensive coverage if you are going to purchase the third-party-only policy. Comprehensive insurance protects you if your vehicle is damaged and the other party is unable to repair it.
You can add more than just third-party-only coverage if you are looking for comprehensive car insurance. You can add third-party fire and theft coverage. You can also add third-party-only protection for theft and/or fire.
Remember that with third-party-only coverage, you only have liability protection. You will still be responsible for any medical bills that your passenger has incurred and you will still be responsible for repairs to your vehicle. This makes insurance much less affordable, but it can keep you safe on the road.
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