Car Insurance Policies: Third Party, Fire and Theft

The third party, fire and theft insurance policy is similar to third party insurance but has some significant advantages over the most basic cover.

This policy covers the driver for any liability that may occur to another person or vehicle whilst driving on a public road. In addition to this the driver is covered for more significant levels of damage to the car.

Damage may include fire, lightening, explosion or damage sustained by any attempted theft of the vehicle. These additional elements are all covered by the insurance company.

Additional elements to this cover may also include cover for loss of audio equipment or theft of any accessories fitted to the vehicle. Different insurance companies may have other types of cover available on this policy.

If the vehicle is stolen whilst covered by this policy, the driver will be able to claim full compensation for the loss. The insurance company will cover the cost of the value of the car at the time of theft.

This policy is popular with first time drivers who have a legal requirement to insure their vehicle and would not be able to afford the cost of any repairs. The cover provided is most suitable for a basic model of car that has not cost the driver a lot of money to purchase.

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