The differences between third party only and third party fire and theft
The type of car insurance cover you choose is often depending on your circumstances, like your driving history, your age and the value of the car for example. Third party fire and theft are similar to third party only. For example, the car insurance company will not cover your damages in the event of a car accident. The insurance will only cover third party car damages and injuries. The differences between third party only and third party fire and theft are that the insurance company covers explosion, fire, emergency treatment, lightning, theft and attempted theft and also stereo cover. The policy depends from insurance company to insurance company. So always read your car insurance policy documents very carefully.
Another difference between third party only and third party fire and theft is the excess payable. Usually the excess is $100 - $200 but it depends from car insurance company to car insurance company. Third party only don't have no excess payable an the reason is of course that no claims can be made to the insurance company if you only got third party only.
Third party fire and theft - cover other people's injuries and damages
If you got third party fire and theft. The car insurance company will cover your passengers injuries and damages in case of a car accident. If the third party can prove that the car accident was your fault, the car insurance company will cover the third party. Always check if your insurance policy cover your for driving other people's cars. Remember if the do cover, the insurance companies most of the time covers third party only, so check your car insurance policy.
What happens with your life and your economy if you got injured?
Even if most car insurance companies covers third party only and also your passengers. What about your own cover? What happens with your life and your economy if you got injured? If you would like to have a better car insurance cover, you should read your article about comprehensive cover.
Third party fire and theft cover will not cover any accidental damage to your car but if your car was involved in lightning, fire, explosion or attempting theft or theft, the car insurance company will cover you the car insurance company will cover you. The insurance company covers third party and your passengers also. The excess payable is often between $100 - $200.