How Car Insurance: Three Cover Options on Car Insurance
As choosing your car insurance, you normally have three opts. For real budget car insurance you can opt for the very basic third-party only cover. Next up you can add in protection against fire and theft. Finally, you can go the whole hog and opt for fully comprehensive.
- Option 1: Third-party only cover
‘Third-party only’ is the most basic form of motor insurance that insurers are usually willing to sell.
It protects other people if you happen to smash into them. Any damage to your own car that has been caused by your poor driving is not covered unless you can prove that someone else was at fault, in which case you will then have to claim off their insurance cover.
If your car is destroyed in a fire or is taken for a joy ride never to be seen again you will not be able to claim.
- Option 2: Third party, fire and theft cover
This adds in protection in case the car is stolen or catches fire.
So if joy riders steal your car or set it on fire, you’re covered for its cash value.
- Option 3: Fully comprehensive cover
Most people take out fully comprehensive car insurance, particularly on new vehicles as it means that no matter who was to blame in an accident your insurance company will pay out for the costs of repairs.
Depending on how much your car is worth, this can be the best form of car insurance and, even though it will cost a little bit more, it will bring peace of mind.
However, if you’re more inclined towards driving old bangers around, fully comprehensive insurance is probably a waste of money.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment