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The difference between third party and comprehensive car insurance



The difference between third party and comprehensive car insurance

Comprehensive insurance covers third-party liability and accident damage, while third-party car insurance covers risks of damage to a third person or your vehicle only. Choosing the right type of insurance is important to you. Read on to find out the difference between third party and comprehensive car insurance.

Comprehensive insurance pays to repair or replace car damage caused by an accident. Third-party insurance covers damage and injuries to a third party. Choosing the right type of insurance is important because having at least basic insurance that provides coverage for third parties is mandatory and the absence of such a cover can lead to a violation of the law.


The difference between third party and comprehensive car insurance

Comprehensive Insurance

Comprehensive car insurance is a comprehensive car insurance policy. It covers the risks related to your damages. Comprehensive car insurance is a combination of third-party insurance and private damage insurance. It covers third-party obligations and the loss or damage of the vehicle from accidents, vandalism, fires, natural disasters, etc.


By purchasing them you also get personal accident coverage. Coverage can be amplified by purchasing additional covers. It also pays for damage from natural disasters such as hurricanes, earthquakes, floods, etc. Comprehensive insurance coverage is very popular because it provides full coverage.


A comprehensive insurance policy that protects your car from vandalism, theft, glass damage, damage from animals, fallen objects, rocket fire and damage from natural disasters such as a storm Wind, hurricane floods, etc.


Comprehensive exceptions for car insurance

Factors excluded from comprehensive insurance plan coverage are:

Wear and tear the car.

Depreciation.

Electrical or mechanical failure.

Damage to the tube and tires.

Damages caused by driving a driver without a valid license or driving under the influence of alcohol or drugs.

Third-party insurance coverage

It does not provide coverage of the cost of damage to your vehicle in the event of an accident and does not provide coverage for your vehicle if it is damaged or stolen. It provides coverage only against losses and damages it can cause to the property of a third party, a person. Losses or damage to a third party or third person are covered only, and no loss or damage to your vehicle is covered. Third-party insurance cover also provides personal accidents that protect you from death or injury.


Third-party car insurance benefits

Covers you of losses and damage to a third party due to your car.

It helps you drive legally on Indian roads.

Having a third-party car insurance protects your pockets from traffic fines.

Third-party car insurance exclusions 

Third-party insurance will not cover damage to the person's own car.

It will not cover for third-party claims if you find driving under the influence of alcohol, drugs or driving without a valid license.

Take away

The pros and cons of comprehensive and third-party insurance depend on many factors. If your car is devalued, you can buy third-party insurance where repairs and other damages can be easily managed. If your car is new and expensive, you must purchase a comprehensive insurance policy. A comprehensive insurance policy is expensive compared to a third-party insurance plan because it provides extensive coverage for injuries, damages and theft.

Read also: 

How to reduce your car premium?

The most important factors that determine your car's premium

Disclaimer: This article is published in the public interest and is intended for public information purposes only. Readers are advised not to rely on the contents of the article as crucial in nature, and further research or expert consultation should be conducted in this regard.


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