In Australia, owning a car can prove to be a boon for frequent travelers or commuters to work. These car owners often leverage on their ability to move around the city and state for professional and recreational purposes, for the flexibility and ease of transport they have access to.
However, car owners have an inherent responsibility towards society too. A third party insurance for their car would ensure that car owners don’t have to bother about the liability upon accidental damage to other vehicles or drivers.
Consider you are driving on a highway, in relatively foggy climate. While you are about to take a sharp left, your vehicle skids on the road, edging it towards farther right due to the speed of the vehicle. Uncontrollably, you ram into an oncoming vehicle, though you had no intention of causing the accident. Would you not be immediately worried about the vehicle you just rammed into, and the safety of the driver? With third party car insurance, you would be able to compensate for the damage you have caused to the vehicle, as well as any body injury caused to the driver of the other vehicle due to your driving. A note – your own car and safety would not be covered in third party car insurance.
A further extension of this policy, third party fire and theft car insurance, would cover the damage to your own car due to your driving. Alongside can also be covered any damage done to the car due to natural calamities like flood, accidental fire, or theft. It does not provide any expenses for the medical bills against injuries suffered by you during the accident.
Third party car insurance is the bare minimum cover required for a car. Extending it to include other features as comprehensive cover, etc., would ensure you enjoy the ownership of the car without a worry at the back of your head.
