There are three options for your motor vehicle insurance, and these are…
- Third Party Only – This cover excludes any damages of any nature to your own vehicle and only provides cover for the damages caused to the Third Party/s in the event you are to blame.
- Third party, Fire and Theft – This covers you for property damages or bodily injury / death to Third Parties, theft and attempted theft damages and Fire Perils which includes: Storm, Fire, explosion, Hail, Flood etc. This excludes own damages caused to your vehicle.
- Comprehensive cover – This covers you for the above two points as well as… own accidental damages you cause to your vehicle such as crashing into a traffic light or reversing into something.
When choosing these covers you will need to keep in mind various factors beyond just your budget. Yes, Third Party only is by far the cheapest option and affordable to most people that own and operate a vehicle, and this is perhaps the least you should take out as a responsible citizen so that others do not financially suffer should you cause property damage or bodily injury to them.
If you have purchased the vehicle on finance, then you are required to take out full comprehensive cover to protect the financial interests of the bank. The insurer is obligated to notify the bank if your cover is cancelled, reduced, or lapsed.
If you have questions about motor cover or need quotes, contact us right away and we can help and point you in the right direction. There is an array of oterh covers and benefits that can be included such as Road Assistance, Car Hire cover, Loss of Keys and much more…
It’s best to be informed… don’t just ignore the need for motor insurance. Contact us today.
