Etini Willie
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Car insurance involves protecting your car from the sudden unfortunate, situations like accidents and fire. There are different types of covers with car insurance, each having a defined spectrum of liability for the insurance company in cases of unforeseen circumstances. A person can take one or a combination of these types of insurance depending on what they want to protect.
Let's explore,
1) Third-Party Car Insurance: This type of cover deals with properties damaged by your car in the case of an accident. Streetlights, residential buildings, and other damages were caused. It is the cheapest type of car insurance and it doesn't cover the the holder's car if he/she was at fault for the accident. If you hit a luxury car in the event of an accident, don't worry, your insurance company would pay for the repairs.
2) Third-Party Property, fire, and theft: This one covers damage to other properties if you are the one at fault for the accident. It doesn't cover the holder's car when an accident happens but covers it if it catches fire or is stolen.
3) Comprehensive Car Insurance: It is a combination of the first two. It covers both cars involved in an accident and also covers the loss of a car due to fire or theft.
Let's explore,
1) Third-Party Car Insurance: This type of cover deals with properties damaged by your car in the case of an accident. Streetlights, residential buildings, and other damages were caused. It is the cheapest type of car insurance and it doesn't cover the the holder's car if he/she was at fault for the accident. If you hit a luxury car in the event of an accident, don't worry, your insurance company would pay for the repairs.
2) Third-Party Property, fire, and theft: This one covers damage to other properties if you are the one at fault for the accident. It doesn't cover the holder's car when an accident happens but covers it if it catches fire or is stolen.
3) Comprehensive Car Insurance: It is a combination of the first two. It covers both cars involved in an accident and also covers the loss of a car due to fire or theft.
