Third Party - Fire and Theft Car Insurance

A third party accident is an accident which involves, in any capacity, another individual or group of individuals. This need not necessarily be another motorist and could be a pedestrian, cyclist or even a passenger within your vehicle.

Both 'third party' and 'third party fire and theft' insurance policies are designed to protect victims of accidents, so that they have means of claiming compensation in the event of an accident. By taking out either of these types of policy you will meet the minimum legal requirements demanded for your insurance protection.

While third party insurance will cover your liability against any damage to another, it will not provide any cover for damage to your vehicle or injury to yourself, third party fire and theft car insurance offers the same type of protection, however, with the added provision of cover for the loss or damage to the insurer's car as a result of fire, theft or an attempted theft.

This means that while you will not receive any compensation in the event of an accident, you can be assured that if your vehicle is damaged while stationary by a thief, that you will be covered. If you cannot afford a fully comprehensive insurance policy, and feel unsafe with the security of your car parked at home or at work, then it is definitely worth considering a third party, fire and theft insurance policy to protect your car. Without this type of insurance, you risk losing everything if your vehicle is stolen, and will have no recourse for compensation.

There are number or additional benefits to third part, fire and theft insurance policies. Most notably, during the interim while your vehicle is being replaced or repaired, your insurer should be able to provide you with a replacement courtesy vehicle so that need never be without access to a car again.

Akin to fully comprehensive car insurance, you may be required to pay an initial excess each time you make an insurance claim. An 'excess' is an agreed amount within your insurance policy that you must pay before your insurer pays out for the remainder of the compensation due. This tends to be the norm particularly for claims made on a stolen vehicle, whereby the excess you pay is relative to the value of the vehicle. This can be anything between £100 and £1,000 depending upon the value of your vehicle.