Car accidents vary in type and causes. Some are preventable by prioritizing safety, meaning you or another driver cause an incident on the road that could’ve been avoided, whilst some of them are just due to causes that are out of your control. Vandalism, fire, and theft are among these unfortunate accidents that you have no control over.
There are many different types of insurance plans and policies for different cars, drivers, and situations such as third-party fire and theft car insurance policies. It’s important to learn how each of these policies works and what they are good for. The comprehensive car insurance plan provides coverage in case of self-injury or damage to your vehicle due to fire, vandalism, loss due to theft, and third-party liabilities. In this article from Lookinsure mag, we will look at the concept of third-party fire & theft car insurance and car insurance third party fire and theft comparison.
Frequently Answered Questions
1: What is third party insurance for cars in the UAE?
Third party car insurance is the minimum protection for insurance in the UAE. It covers damage due to third party liabilities such as injury and property damage.
2: What does third party fire and theft insurance cover?
Third-party fire and theft cover third party liabilities, as well as damage done to your vehicle due to fire, or repair costs due to theft.
3: How much is comprehensive insurance in the UAE?
Comprehensive insurance starts from AED 1200 and goes up to AED 5000 per yearly plan. There are various factors that impact this amount, like a vehicle, the driver’s profile and location, and the claims history.
4: Which insurance is cheapest, comprehensive or third party?
Third party insurance is cheaper than comprehensive insurance. This is obvious since a third party covers the minimum protection while comprehensive insurance is a full coverage plan.
5: Which insurance is best for a car after 5 years?
Comprehensive car insurance is the best option for owning a car after a couple of years. This insurance policy provides all sorts of protection for your vehicle.
6: Which type of insurance is best for an old car?
Comprehensive car insurance is best for an old car. Especially if it is a classic, vintage vehicle. This is because comprehensive insurance offers full protection and you do not have to worry about a thing.
What is Third Party Fire and Theft Insurance?
Third-party fire and theft insurance will cover you if your car is either damaged by fire or you face loss due to theft. Also, this insurance plan covers third party liabilities in accidents including injury or property damage. This policy is an intermediate coverage in terms of scope, somewhere between third-party and comprehensive car insurance. Car insurance 3rd party fire and theft is a great option for accidents that are simply out of your control. There are a couple of accidents that are covered by this insurance, while some are not. It is important to know what third-party fire and theft cover.
Another common question regarding car insurance coverage is does car insurance cover natural disasters, for which we have a comprehensive guide you can read in minutes.
What Does Third Party Fire and Theft Car Insurance Cover?
If you are wondering what does third party fire and theft cover? You should know, third party fire and theft car insurance only covers three particular circumstances that are all mentioned in the name itself.
Third Party Liabilities
What does a third-party mean? The third party is the other person involved in an accident with you. If you’ve already been to an accident, learn how to claim car insurance for own damage so the whole process becomes very easy for you. Now in some cases when the accident is your fault, and you have been found responsible for the accident, third party fire and theft insurance covers certain costs:
- Damage done to the other person’s property
- Other person’s injury compensation costs and medical bills if necessary
Fire
This means that if any damage is done to your vehicle due to an unexpected fire, the insurance provider pays for the repair costs as well as criminal fees.
Theft
In case of theft, third-party fire and theft car insurance comes in handy. Whether your car or a part of it gets stolen or there is some lost part, your insurer covers the costs of replacing it. If you’re worried about this, make sure to read article does vehicle insurance cover theft to stay prepared.
What Does Third Party Fire And Theft Car Insurance Not Cover?
Just like all types of insurance policies, there are certain cases in which 3rd party fire and theft car insurance policy won’t be able to help you. Pay attention to the following:
Wear-and-tear
Normal wear-and-tear damage is a very common issue that happens to vehicles of all sorts due to daily usage. Just like any other item and device, a car also gets weary and old the more you use it. This type of damage is not covered by any sort of insurance policy. Also consider checking the comprehensive vs third party insurance guide to get a detail of their differences in all processes and find lower car insurance prices.
Damage due to accidents under the influence of drugs
There are times when people cause accidents under the influence of drugs and alcohol. Driving in these situations is an illegal act and no insurance policy covers damage caused by these accidents. Therefore, be aware not to break these road rules, since you will have to pay out of pocket if you do.
Damage to your car due to an accident
Collision and comprehensive car insurance mainly cover any damage that is done to your car due to a road accident. Therefore, any accident other than the ones out of your control is not covered by fire and theft insurance.
Car Insurance Third Party Fire and Theft Compare With Third Party Insurance
You have probably heard the name of third-party car insurance here and there. Now you may be wondering, what is the difference between that, and car insurance theft and fire? Are they any different whatsoever? Well, the answer is yes. If car insurance third party fire and theft compare, it is due to a few options that one lacks. Let’s take a look at a third party fire and theft car insurance comparison:
Third party insurance covers
- Damage to the other person’s property due to an accident caused by you
- Injury to the other person and medical bills due to an accident caused by you
Third party insurance does NOT cover
- Damage done to your vehicle due to fire
- Loss of property and belongings due to theft
Therefore, third party car insurance is a step behind and lacks a few options compared to third-party fire and theft. In this process, pay extra attention to factors that affect car insurance premiums since they have considerable influence on cost of car insurance.
Difference Between Comprehensive and Third-Party Fire and Theft Insurance
Comprehensive car insurance or fully comprehensive insurance is the type of insurance policy that offers full protection for you and your vehicle. This insurance policy covers the following:
Accidents
In case of facing any accidents, comprehensive car insurance covers the repair costs of your car, even if the accident was your fault.
Third party liabilities
Damage done to the other person’s property or their injury is covered by this insurance policy.
Fire and theft
The comprehensive car insurance policy covers damage done to your vehicle due to unexpected fire and pays the cost of repairing parts of your car or replacing it in case of theft.
Therefore, after looking through these different types of car insurance policies, comprehensive car insurance is the one with full protection and the highest forms of coverage.
Choosing The Best Third-Party Fire and Theft Policy
Just like any other insurance plan, choosing the best third-party fire and theft policy requires knowledge and research. There are certain features that some insurers provide in their policies, while others don’t. Make sure you read through what your providers offer before finalizing your plan. Let’s take a look at some qualities that we recommend you look for when choosing an insurer:
No claims discount
No claims discount, also known as no claims bonus, is an option dedicated to drivers who prioritize safe driving. This option rewards such drivers, by giving them up to %30 discounts in case they raise little to no claims throughout their insurance plan.
Immediate action
Make sure to check how long it takes for the insurer to start your plan, and whether or not the starting date is in your hands. Flexibility at the beginning of your insurance plan helps you trust your insurer while having no worries about losing unnecessary money along the way.
Safe checkouts and monthly offers
Good insurers prioritize your safety by providing a protected environment for you to make payments while giving you payment options through secure applications. Plus, these insurers usually prepare offers and discounts for their customers.
Why Choose Lookinsure
Here at Lookinsure, we have gathered UAE’s best insurance providers, all in one place. If you’re wondering why that is, it’s simple: we want to offer you all the highest quality services, at the most affordable prices. By including your car information and driver’s license, we will be able to provide you with a suitable insurance plan, no calls are needed!
Conclusion
Third party fire and theft car insurance is an important type of insurance due to the high risk of the unexpected that threatens each of us on a day-to-day basis. None of us know what lies ahead when we go out for a drive or park our vehicle in a parking lot. This insurance plan protects damage to your vehicle due to certain accidents while covering third party liabilities as well. While choosing an insurance policy, you should take notice of what each policy and provider offer, and make a decision. Fire and theft insurance is the middle ground between third party and fully comprehensive car insurance. Contact us to get started! Whether you use your car to drive only on the weekends, or you’re a daily commuter, you may require different types of car insurance.
