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

-Stuart-

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

dels replies

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,...

Veronica Alicia

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.

sparkey

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

frog_queenuk

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

Itchy B

3rd party is liability coverage only

comprehensive insurance covers fire and theft including glass, NOT 1st party collision.

full coverage is - fire / theft (comprehensive), collision that includes liability.

Scouse

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.

news hound

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

Sal*UK

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.

bcitygent

If you have to ask this question then best stick to buses love..x

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