Types of insurance cover
Motor insurance - what level of cover should I choose?
Motor insurance policies must provide the minimum amount of cover as laid out by the Road Traffic Act of 1988. This includes cover for liability in respect of death or bodily injury to a third party (including passengers), and cover for liability for damage to third party property caused by an accident involving the vehicle.
When deciding on the level of motor insurance you wish to buy you have three options available to you:
- Third party only motor insurance
- Third party fire and theft motor insurance
- Fully comprehensive motor insurance*
*All new duck2water policies will provide comprehensive cover as standard.
The precise level of cover provided by these types of policies does vary between insurance companies - so you should always read your car insurance policy document to be sure of your cover. However, here is a general overview of the main types of motor insurance.
Third party only motor insurance policies
If your car is only worth a few hundred pounds then you may find it cost effective to opt for 'third party only' insurance, as the extra cost of 'third party fire and theft' or 'fully comprehensive' car insurance may be more than the value of the car.
By law, all UK drivers are required to have at least this level of motor insurance cover as it protects other people and their property from damage that could be potentially caused by you.
This type of policy generally covers:
- Liability for injuries to other people, including passengers
- Liability for damage to other people's property
- Liability of passengers for accidents caused by them
- Liability arising from the use of a caravan or trailer, while
attached to the car
- This level may suit drivers with low value as it’s often
cheaper to replace the car than pay the excess and
increased premiums for more expensive policies
Third party fire and theft motor insurance policies
If your car is worth over a £1000 then it’s usually worth opting for a higher level of insurance cover. If your car is stolen or burnt out in a fire and you have ‘third party only’ cover, then you won’t be able to make a claim on your own policy.
‘Third party fire and theft’ offers the same level as ‘third party’ but also covers you if your car is stolen or involved in a fire.
Fully comprehensive motor insurance policies (FC)
Fully comprehensive insurance is the highest level of motor insurance cover you can buy. In addition to the cover provided by TPFT policies, it covers you for damage to your own vehicle regardless of how it was caused and who was responsible. All duck2water private car policies are sold at this level of cover.
If you have any questions regarding purchasing motor insurance please do not hesitate to contact us on 0333 123 1308 or email us as firstname.lastname@example.org