car insurance- whats the difference between third party, fire & theft and fully comprehensive cover?

Answer 1

Third Party, Fire & Theft cover will pay for damage you do to someone else, and will only pay out for your own car if damaged by fire or attempted theft, or if your car is actually stolen.

However, repairing or replacing your car if you damage it in an accident will still be down to you.

This is a cheaper form of cover, offering some protection for you if you lose your car outright through it catching fire or being stolen.

It's most often used for cheaper cars that, if insured with a Comprehensive policy, would likely be immediately 'written off' by an insurer after an accident rather than repaired. And whose low value would mean the insurer would pay out little cash after the excesses are taken into account.

Comprehensive insurance covers damage to third parties as described above, plus loss of or damage to your own car, whether caused by an accident, vandalism, fire, theft or damage you accidentally do to it yourself.

However, Comprehensive insurance does not cover absolutely everything that could go wrong with your car. Wear and tear faults, and the causes of breakdowns, are not covered. There will also be other exclusions in the small print.

More info here:
http://www.kwikguides.com/Guides/CarInsurance/carinsurance_types.html

Answer 2

In that case I would get third party fire and theft which basically means that you are covered for damage to others vehicles but not for the repair of your own if you are at fault. If someone else hits you then your car would be fixed by their insurance. To further complicate this I recently quote a cheaper quote from the same broker for fully comp than third party so it's worth asking for both. If you do go fully comp and make a claim against your own insurance (you hit someone or someone damages your car and runs off) then your premium will go up and it may have been cheaper to fix it yourself. The only good thing about fully comp is the courtesy car option. I would have been stuffed in the past without this BUT if you are hit by someone else their ins co should provide this, it just makes it easier to claim it on yours and for them to claim it from them. All car insurance is a con get the cheapest with the best options.

Answer 3

Just what it says - Third Party, Fire & Theft, covers you should your car catch alight or if it is stolen; the third party covers you for Third Party claims against you. It won't cover you for damage from another vehicle or if you drive it into a tree, or if the tree drops a branch on you, etc.
Fully Comprehensive policies cover you for nearly all claims, but you often have an option (or have thrust upon you) an "Excess"; this means that for any work done on the vehicle you will pay the specified amount before the rest is met by the Insurer.

Answer 4

third party means only the person you have the accident with will be covered not any damage to yours
fire and theft is as third party and your car is only insured if it catches fire or is stolen
fully comprehensive means that your car is also covered in the event of an accident you can also claim if you damage your car yourself and there can be other advantages like loan car while your car is in the garage after an accident
hope this helps

Answer 5

TPF&T is a limited cover and does as it says - covers for a third party for fire and theft in the event of such a claim.

AS with fully comp - this overs a more comprehensive cover and will include windscreen cover - for example.

TP cover is the minimum cover you require as stated by the Road Traffic Act

Answer 6

I suggest you to visit this web site where onel can get rates from different companies: http://cheap-insure.info/index.html?src=2YAsbnvwPS28

RE :Car insurance- whats the difference between third party, fire & theft and fully comprehensive cover?
Follow 3 answers

Answer 7

Fully Comp. repairs your and the 3rd party car even if the accident is your fault. Third party repairs only the third party vehicle if you are at fault you pay for your own. If the accidtn is not your fault the Insurance will repair your car and claim of the 3rd party. If 3rd party and the accident is not your fault you are on your own as to a claim against the third party. Needless to say unless I have a very old cars which scrapes through it's MOT every year and is worth less than the fully comp. premium I gop for fully comp.

Answer 8

Full comprehensive is the one most people should have , but there could be a variation on this type of cover, from what I am led to believe, it would pay you to ask around, prior to placing your insurance,third party would cover minimal

Answer 9

Fully comp gives you far far more depth of cover - in theory it will replace your car at market value.

Third party fire and theft doesn't cover anything like as much - is generally used for old cars - and leaves you open to private prosecutions should you cause damage or injury to others.

Answer 10

You mean you don't know.. I give up... FTP insurance covers another driver or vehicle damage in the event of an accident.. You and yours are not covered. If your car is stolen or bursts into flames you are covered financially... Full Comp. means all third party claims are covered, your own vehicle is covered, you and your passengers are covered. The full coverage might depend on the clauses in the particular policy you purchase... Fully comp is much the best but costs more,...