It is often impossible to discern whether you are truly safe from accidents or car trouble, especially when driving on a public road. This makes it necessary for you to have car insurance with you. There are many choices of policy covers which can keep your heart at ease.
It is compulsory for all Australian drivers to have an insurance policy for their cars lest you get in trouble with the authorities. Luckily, there are many insurance policy types that you can get for your vehicle to have it fully insured, e.g., third party, fire and theft car insurance.
The policy covers a total of three things, third party damage, fire, and theft. Third party damage means that the plan could cover the cost of any damage to another person’s property or any injuries to the third party when you cause an accident. Third party property could be a car, wall, or fence. However, the policy will not cater for the cost of any damage to your vehicle.
The insurance will cover you if your car gets damaged by fire. Car damages caused by fire could be as a result of arson or accidental in most cases. If the injuries to your vehicle are caused by arson, you will have to report the incident to the authorities to get a number which you can use to quote to your insurance provider. The same goes for theft cases.
Some situations make this policy more suitable for you. For instance, you can take the plan if; your car is cheap to repair and has plenty of spare parts around if it has a low market value and you can afford to replace it when involved in a severe collision if you do not drive often or you are confident repairing the vehicle yourself.
