UK Car Insurance - Types of Car Insurance Cover - Third Party
Third Party Insurance is the cover that offers the least protection.
It does exactly as the name suggests, it only covers any third parties who you may be involved in an accident with (if the accident is your fault).
The person who has the third party cover will not receive ANYTHING in the instance that they are at fault in an accident.
It does exactly as the name suggests, it only covers any third parties who you may be involved in an accident with (if the accident is your fault).
The person who has the third party cover will not receive ANYTHING in the instance that they are at fault in an accident.
Below is a table of who and what is covered with Third Party Insurance
| Who/What | Covered By Insurance |
| You | NO |
| Your Vehicle | NO |
| Fire to your vehicle | NO |
| Theft of your vehicle | NO |
| Third Party Person | YES |
| Third Party Vehicle | YES |
| Third Party Property | YES |
| Passengers | YES |
An example of how Third Party Insurance works:
Mr. Smith has Third Party insurance for his car. He is driving along and has his friend with him in the passenger seat, while he is driving he accidentally runs into the back of Mr. Jones car.
Mr. Smiths passenger and Mr. Jones both were injured in the accident and damage was caused to both cars.
As the accident was Mr. Smiths fault his insurance company will pay out. They will pay out for the injuries caused to Mr. Smiths passenger and also the injuries to Mr. Jones. They will also payout for the repairs to Mr. Jones car but they WILL NOT pay out for any damage or injuries caused to Mr. Smith.
Mr. Smiths passenger and Mr. Jones both were injured in the accident and damage was caused to both cars.
As the accident was Mr. Smiths fault his insurance company will pay out. They will pay out for the injuries caused to Mr. Smiths passenger and also the injuries to Mr. Jones. They will also payout for the repairs to Mr. Jones car but they WILL NOT pay out for any damage or injuries caused to Mr. Smith.
Mr. Smiths vehicle is stolen. His insurance WILL NOT pay out.
Mr. Smiths vehicle has a fire. His insurance WILL NOT pay out.
Categories:
0 comments: