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What is comprehensive third party car insurance. Third party property car insurance sometimes called Third Party Property Damage covers damage to other peoples vehicles and property. While comprehensive car insurance covers you for damage to your car and damage to someone elses car or property third party property insurance only covers you for the latter. Comprehensive Car Insurance offers extensive coverage that covers Third-party Liabilities and Own Damage.
Comprehensive insurance consists of Third party insurance and Own Damage insurance in which the own damage section. Buying this type of policy is not mandatory by law however due to its enhanced coverage it is the preferred choice for many car owners. CTP insurance differs from state to state so its a.
A strict third-party only policy or one that includes fire and theft cover for an additional cost. Such plans can be customised by picking add-ons to extend the kind of coverage you require. Comprehensive Car Insurance coverage depends on indivisual car insurance providers.
If your car is damaged in the same event and the accident is your fault it wont be covered for repairs. Comprehensive provides cover for loss or damage to your vehicle in the event of an accident fire or theft. So if the value of your car isnt huge third party car insurance may be enough cover for you.
On top of covering third-party costs it also covers your personal costs and costs for damage by almost all natural incidents. Also most insurers will include roadside assistance and offer the ability to rent a car after an accident. It includes newly bought cars temporary substitute vehicles cars you are using but dont own etc.
Fully comprehensive third party fire and theft and third party only. CTP protects people injured by your car if you cause an accident and provided your car is registered youll already have it. Third party insurance is mandatory insurance as per the Motor vehicle Act 1988.