The physical damage your vehicle suffers from a collision is covered by your basic plate insurance subject to a deductible.

Does third party insurance cover stolen car. A good third party fire and theft insurance policy typically covers. If it isnt found in this time or if its found and damaged beyond economical repair youll likely be offered the market value of the car at the time it was stolen. Third-party liability car insurance prevents you from paying for the damage out-of-pocket and is the only type of car insurance thats mandatory across Canada.

Third party car insurance covers damage to others as a result of an accident thats your fault. Third-party fire and theft insurance does not cover your own vehicle if youre involved in an accident while driving just the other persons. However third-party fire and theft policies are the next step up in terms of cover.

In addition to this your car is covered in the event of theft hijacking or fire. Third party fire and theft car insurance usually covers. Nor does it cover theft of your car.

Third-party fire and theft car insurance is a mid level of cover for your car. Injuries to a person in another car. Injuries to a passenger in your car.

If you cause injury death or property damage third party liability car insurance is applicable and will cover these claims up to your policy limit. How Does Third-party Liability Car Insurance Work. That means if you are in a not-at-fault accident and your car is written off and you are severely injured the other drivers CTP insurance will cover your injuries but not your car damage.

Third party fire and theft car insurance includes all of the cover offered by TPO in addition to protection against both fire damage and theft to your own vehicle. Thats why you need to be prepared for the off-chance you cause an accident that results in property damage or injuries. If an accident is judged to be your fault then TPFT insurance will cover you against certain costs.