Monday 23 February 2015

Car Insurance : The Basics


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The Basics of the Car Insurance Policy
 If you are new to the vehicle insurance policy, then it might seems like a difficult subject, however once if you pass all the advertisement and marketing of the insurance providers, it is really very simple to understand. Generally, the car insurance policy is available in three main types that will be your starting point while making a decision of choosing the best car insurance policy.



Third Party Insurance Policy
 This is one of the cheapest, simple types of car insurance policy which you could purchase and it is compulsory that every vehicle owner should have this insurance. Generally an insurance policy of this type means that if accident is caused by you, then any damage caused to others or somebody else’s vehicle will be paid for and you don’t have to pay money from your pocket. However the third party insurance policy will not provide protection for your vehicle and also you will not be able to claim money if your vehicle is stolen or lost.
Third Party, Fire and Theft Insurance Policy
 This is a type of car insurance policy step up from the simple third party. This insurance policy covers both your vehicle as well as somebody else’s vehicle, if you caused the damage. Also if your car is stolen or damaged by fire, you could claim if your vehicle is stolen or damaged by fire. This insurance is little expensive than the basic insurance policy, since it provides extra protections.
Comprehensive Car Insurance Policy
Comprehensive auto insurance policy is quite expensive than the third party insurance, since this insurance covers any damage to your car, even if you have caused the accident. It provides various protections for several things.