If youre involved in a car accident and its found to be your fault TPFT insurance will cover any damage you caused to the other person and their property.
What does third party fire and theft mean in car insurance. Heres a summary of whats included. Damage to another persons car or property If caused while using your car attached trailer or caravan subject to assessment up to 20000000. It can be a good choice if your car isnt overly expensive.
Itll pay out for damage you cause to other vehicles or property or if your car is stolen or damaged by fire. Third Party Fire Theft. Car insurance that covers your car if its stolen or catches fire and covers other peoples cars and property if you cause an accident.
Third Party Fire and Theft Car Insurance is a basic form of Car Insurance that provides cover for accidental damage caused to another persons vehicle. It wont however pay out for damage to your own car after an accident thats your fault. In addition to this your car is covered in the event of theft hijacking or fire.
Defined as the first party being the purchasing policyholder second party being the car insurance company and the third party being the individual or individuals who make a claim against your insurance due to. This is the third-party part but third-party fire and theft cover will also pay out if your car is stolen or damaged in a fire. It doesnt cover your own vehicle should it be damaged in an accident.
Because it doesnt offer the same level of cover as comprehensive car insurance its a whole lot more affordable. The cost to repair fire damage to your car - Whether this is arson or accidental fire. While it doesnt cover everything it can provide peace of mind when youre on the road.
Third party fire and theft insurance is a mid-level policy option that combines a broad range of cover with affordable premiums. As with third party insurance third party fire and theft TPFT covers mainly the third party. Want to protect your vehicle.