Know The Types Of Car Insurance

Accept the fact that buying an insurance for car is not an that people in UK are concerned deeply about. People are more interested in buying insurance for their health, life, travel, etc. than buying car insurance. It is for last few years, curiosity as well as requirement of buying an insurance for car has been here in the mind of car owners. Buying an insurance may not be as important as getting your life and health insured. But sharing the truth, insurance for your car is also of great importance, simply because the increased presence of uncertainty in our life has made it a necessary to have. Everyday, we come to know about the frequent occurring road accidents and damages caused by it in our city. Thus, buying an insurance for our car is a wise solution, as it will assures some sort of financial help when your car meets an insurance.

Before you buy a car insurance policy, it is important that you come to know the types of insurance policies available. Commonly, there are three types of insurance policies for cars – Third Party Only (TPO), Third Party Fire & Theft (TPFT) and Comprehensive (Fully Comp.). The Third Party only insurance policy covers you, the policyholder, against the damage of vehicle of any third part. For example, if you are driving car of any of your friend, and meet an accident. Then, according to this insurance policy, your injured friend and damaged car will get the insurance cover, and not you. Third Party Fire And Theft (TPFT) also acts the same way like Third Party Only (TPO). A Comprehensive policy plan, as its name suggests, covers all car related damages and physical injuries of persons sitting in the car. Even if the car is stolen or meets a fire accident, it will be covered by the Comprehensive policy of car insurance. It requires some considerations when you are thinking of which insurance you ought to buy. Buying an appropriate insurance for your car should depend upon the circumstances you have. For example, if you are young and have got an expensive car to drive, you ought to go for Comprehensive Policy, as it will covers all all related damages and injuries.