Third Party Fire And Theft Car Insurance
The second article in this series that follows on from the article about third party car insurance will look at the benefits and the draw backs of third party fire and theft car insurance.
Third party fire and theft car insurance is what could be called the "intermediate" type of car insurance available to the motorist. This type of policy gives the driver a good basic level of cover for a cheaper price than you may expect to pay for comprehensive car insurance.
Third party fire and theft car insurance covers the drivers car against damage through theft or fire. This can be very important as a driver very rarely has control over these two factors but falling victim to them can be very costly.
The rest of the cover is identical to that of a third party car insurance policy and a driver can expect third parties property to be covered under their policy if they are involved in an accident that is deemed to be your fault.
However the problem is that if you are deemed to be at fault a third party fire and theft car insurance policy will not cover the damages to your vehicle. This can be a problem when dealing with prestige cars as repair bills can often leave the policy holder significantly out of pocket.
The table below outlines what you can expect to be covered for under a third party fire and theft policy:
| Your Car in an Accident | No |
| Other Vehicles Involved in an Accident | Yes |
| Theft | Yes |
| Fire | Yes |
Third party fire and theft car insurance is usually recommended for young drivers with relatively inexpensive cars who have minimal no claims bonus. This is because third party fire and theft car insurance can be a cheaper option for younger drivers while they attempt to build up their NCB.
Here at Prestige car insurance we would recommend that a prestige car owner look at the benefits associated with comprehensive car insurance as they may find that this type of policy better suits their needs. The benefits and draw backs are discussed in the third article in this series concentrating on comprehensive car insurance and can be found here.
