There are several car insurance policies, including third-party theft and fires. However, what does it really mean to insure your car under this type of policy? Here is a comprehensive explanation surrounding this type of insurance.
Taking care of your car in Australia involves not having to worry about what will happen in case of a fire or a theft. In the event of an accident, you might be required to cover third party property damage. If you do not have a car policy that caters for these damages, it might cost you more than you can afford at the moment.
Among other car insurance quotes, you need to understand what your policy covers. For third-party theft and fire, the cover caters for any third-party injuries and property damages when a car is stolen, or a fire erupts as a result of an accident. Given that it is a third-party policy, it is only concerned with other parties, except the car owner. However, unlike basic third-party car insurance, a car replacement is part of the claim.
If the car can be repaired, then the insurance will cater to all repair costs. Some insurers provide for a short-term vehicle as you wait for yours to get fixed. However, if your personal belongings are damaged in the process or your windscreen needs repairs, then the policy will not apply. Also, if you are responsible for the accident, then the plan might not be eligible.
Such policies cannot be used for secondary property. For example, if the car that stolen was not the one insured, then the policy will not apply. You could add a personal injury policy to the theft and fire cover as an add-on. Before you finally sign your policy documents, make sure you fully understand the extent of your protection.
