The minimum cover offered by various insurance companies in different countries like UK is known as
Third Party Only. Here is the list of different types of damages covered under this plan:
- It covers accidental damage to passengers as well as non-passengers, injured in the accident
- It covers damage to property caused by your vehicle
- It covers the damage caused by your vehicle, while lugging a trailer or caravan
You can’t expect the cover for damage caused to your van in this
Third Party Only category of insurance plan. If you are not ready to bear the loss and repair costs incurred on your vehicle, it is time to learn about other types of insurance plans.
Introducing the Third Party Fire and Theft (TPFT)
In addition to all the benefits offered by third party only, there is a bonus benefit offered third party fire & theft insurance plan. Under this plan, your loss will be covered by the insurer, in case it had been caused by fir or theft. For this, you have to prove that the accident was natural and not an intentional one.
When compared to other
Van Insurance covers, especially comprehensive plan, TPFT offers leas cover. However, one pay purchase it at low price than any other plan. The insurance companies are finding ways to influence the minds of insurance buyers to purchase comprehensive cover. For this, the wide gap between cost of comprehensive plan and TPFT is being narrowed down by insurers.
