It is legally required to insure your car before plying it on the roads and it is up to you what kind of cover you want to buy for your car. There are various types of insurance plans available and some of the most popular ones are – comprehensive car insurance plan, third-party car insurance cover, and third party fire and theft car insurance policy.
The comprehensive car insurance plan provides you coverage in case of any damage to your car, injury to you, damage due to fire, loss due to theft, and third-party liability.
The third-party car insurance provides coverage against your liability that may arise due to an accident by your insured vehicle. The insurance company provides coverage if an accident causes injury or damage to third-party or property of the third-party. In this way, third-party car insurance helps to reduce your financial burden that may arise in case of any unforeseen situation.
The third-party fire and theft car insurance cover provides coverage for your liabilities that may arise due to an accident by your car causing injury or damage to the third-party or third-party property. If your car is stolen, your car is damaged by the fire, and the damage that may occur when the thief was trying to steal the car and breaks car door locks are all covered under this plan.
Today in this article, we are going to discuss third-party fire and theft insurance plan in detail. So below we are discussing the basic coverage provided under this policy type:
Many insurance companies are providing a wide range of car insurance products. It is important that you check the claim settlement ratio of the insurance companies before buying any plan. It would give you an idea whether your claim will be settled by the insurance company if arise in the future.
Moreover, you can compare various plans before buying so that you can purchase the best plan as per your requirements and budget. There are various insurance web aggregators available online and you can get the best result by comparing various plans on any one of them. Research also plays an important role so it is important that you do sufficient research before buying any plan.
Remember, the buying decision should not be made in hurry. All the important factors should be considered before making a purchase decision. Also, do not forget to consider the claim settlement ratio of the company from whom you are buying the plan. It would give you a clear picture of the insurance company. In short, do a lot of research, compare various plans, and then select the best plan as per your need and budget.