Third Party Fire and Theft Car Insurance Explained
If you drive a car on a UK road, you must buy appropriate car insurance. The minimum level of cover is a third party policy in case you injure another person or damage their property.
As an example, third party insurance would pay out if you drove into the back of another person’s car or reversed into your neighbour’s garden wall. If you were found liable for another person’s medical expenses following an incident, your policy would come into play.
However, you would not be able to claim for damage to your own car or property or for your own medical expenses.
Cover for your own car
So what should you do if you want insurance for your own vehicle? Some drivers decide they need a little bit more than simple third party cover and therefore choose to upgrade to the next level - third party fire and theft insurance.
Some people choose third party fire and theft insurance because they presume it is cheaper than comprehensive cover
Here, the policy again covers any third party and their property in the event of an accident for which you are deemed liable, but it additionally includes insurance for your own car if it is stolen or damaged by fire. You would also be able to make a claim if your car were damaged in an attempted theft.
Out of pocket
Third party fire and theft insurance offers more than the legal minimum, but the cover is nevertheless still limited. As with third party cover, the policy would not pay out, for example, if you were to damage your own car in an accident that was your fault. And you would not be able to make a claim if you suffered any injury.
It also excludes other types of claim, such as damage to your car during a flood. In other words, third party fire and theft insurance could leave you seriously out of pocket.