Car Insurance... Whats the difference between 3rd party fire and theft and fully comp??

Question

Whats the difference between 3rd party fire and theft and fully comp??

Answer 1

At its most basic, if you are involved in an accident and its is your fault.

3rd party insurance will pay out for all the costs to damage done to other vehicle(s) and any other damage done too to street furniture for example, and injuries to others. However 3rd party won't pay up to have your own vehicle repaired. 3rd party fire and theft cover is the same but will you pay out money if your car gets damaged by fire or is stolen.

Fully Comprehensive insurance will pay out for all the costs to damage to done to other vehicles(s), street furniture, injuries to others... + pay for your own car to be repaired or replaced.

Answer 2

In the event of you causing a accident, if you have 3rd party fire and theft, then your insurance company will only pay for the damaged cause to the car you hit, and you'd be responsible for your own repairs. Fully comp will cover damage to yours and the car you hit, but obviously fully comp cost more. Fire and theft is what it Say's, in the event your car is stolen or burnt out then the insurance company will pay the valued cost of the vehicle, not the forecourt price. i.e. say you paid £5000 for the car and it was stolen, the insurance company may only give you £4000 as this is the trade price.

Answer 3

Hi third party fire and theft means that the insurance company will only pay for the damage to the other car involved in an accident but they will not pay for any damage to your car but will pay out if it is stolen or catches fire, but if you are fully comp they will pay for all damage to both cars including fire and theft unless they can prove negligance on your behalf. IE lf they can prove you left your keys in the ignition while you got out of your car to get a parking ticket from a machine and the car was stolen.

Answer 4

Third party fire and theft basically only insures you for any damage to some one elses car or person (a third party, not you) or if the car is stolen or burns out. Fully comprehensive insurance is where all parties are covered, yourself, your car, the other person/people and car(s).

Answer 5

Third Party here refers to the One who has nothing to do with TWO Cars when they hit against each other in an accident.

In most countries third party insurance is the "Minimum" one has to have to take a vehicle on road and it is Mandatory.

Comprehensive is to "Cover All Types of Claims" including accidents due to your own mistake where in you hit the gate of your house and damage your car. They don't pay for repairing the Gate!

If some one hits against your Gate then you can be the Third Party claiming from that Car's Insurance.

Answer 6

Third Party Fire & Theft:

Covers you for claims made against you.
For bodily injuries and death to other people (inc passengers).
For damage to other people's property.
For accidents caused by passengers in your car.
Arising from the towing of a caravan or trailer.
Loss or damage caused by fire, theft or attempted theft.


Full Comprehensive:

As TPFT above, with the addition of:
Accidental damage to your vehicle.
Medical expense up to £100.
Loss or damage to personal effects in the car up to £100.
Personal accident benefit.

Answer 7

third party only covers you for theft and if your car goes up in flames, and if you cause an accident it will pay to have the other car fixed but not yours, fully comp covers you for any accidents whether it was your fault or not

Answer 8

In simple terms....

With fully comp they will pay to repair your car (less your excess). With 3rd party they won't.

In both cases they will pay to repair what you hit, be it another car, a wall or a person.

Answer 9

about £400 quid

Answer 10

all the above are right