Guide to Third Party Property, Fire and Theft Car Insurance

Third party property, fire and theft car insurance offers coverage against property, fire and theft damages that happen on the third party car. You should check with the insurance company to determine how much compensations are provided for the different coverage. For example, the insurance company may offer compensation of $500 for property damage and $1000 for caravan and trailer. The insurance company will pay the compensation regardless if you are responsible for causing the collision. Many insurance companies also offer protection for your vehicles if it is stolen or burnt by fire.

Third party property, fire and theft car insurance is suitable for people that do not feel secure about their car. If you are not sure that your car will not be stolen even after install the anti theft features, you can take up this insurance. If any of the equipment in the car such as stereo is stolen, the insurance company will pay the compensation. There is a deductible amount that you have to pay before you can recover the compensation from the insurance company. Choosing a higher deductible amount for the third party insurance will help you to reduce cost.

Third party property, fire and theft car insurance is cheaper than the comprehensive car insurance. The difference between the third party and comprehensive car insurance is that comprehensive car insurance will pay for the repair cost if you get involved in a collision. If you hold the third party insurance policy, you will be required to pay out the repair cost yourself.