subject: What Is The Right Type Of Motor Car Insurance For You ? (the Right Type Of Motor Car Insurance) [print this page] It is important for you to understand the different types of motor car insurance. These include Fully Comprehensive, Fire and Theft, Third Party and Breakdown. You might buy third party insurance for a low value car like Citroen C2, Fiat and VW Polo. You might purchase comprehensive car insurance if you have a high value vehicle like Jaguars, Peugeots and Land Rovers. You can also buy a third party car insurance for your high performance car and vice versa. Choosing the right type of car insurance is dependent on two main factors: your vehicle model and financial resources.
Fully Comprehensive Motor Car Insurance
Fully comprehensive is a popular insurance category, as more than half of UK car owners hold this type of policy. For cars valued at 5,000 or more, fully comprehensive is the right type of insurance. This type provides coverage to all type of risks to your car. It covers the following liabilities :
Accidental damage to your vehicle
Accidental damage to other car
Physical injuries to others including pedestrians and passengers
Damage to your vehicle due to fire
Damage to your vehicle due to break in
Missing personal belongings up to a declared limit
Damage to other peoples property such as office building, residences and shops
Windscreen damage
Fully comprehensive insurance does not cover :
Electrical breakdown
Mechanical failure
Wear and tear
You can ask for certain extra options in fully comprehensive insurance. These options may be :
Personal accident cover - covers the driver for certain physical injuries due to accidents and collisions.
Green card - covers 3 months in any EU country.
Third Party Motor Car Insurance
A cost effective insurance, the third party motor car insurance is the minimum legal requirement in all of the UK. Owning this type of insurance will let you drive others vehicles whereby you are equated as a third party. It covers :
Damage caused to property
Injuries inflicted on a person, including the passengers
Injuries to another driver
Damage to another car
It does not cover :
Injury to you
Damage to your car
Fire and Theft Motor Car Insurance
This type of car insurance is in addition to third party car insurance. It provides limited protection to others and their vehicles. It also provides coverage for damages to your car due to fire and burglary. Fire and theft car insurance covers:
Break ins to your vehicle
Stealing of your car
Fire mishaps in a vehicle
Breakdown Motor Car Insurance
If your car is more than four years old, it is 15%more likely to have a roadside breakdown. In order to have cover for such a liability, car owners invest in breakdown motor car insurance. It covers :
Roadside collapse
Courtesy car during the time your car is being repaired
Accommodation arrangement if your car breakdown has occurred far away from your home
Extra options can be added in breakdown motor car insurance, such as :
Breakdown cover for additional cars
Cover in EU countries
by: Richard Philips
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