Motor Insurance Explained

Motor policies are in general being classified into 3 major types.

Type	Features	Usage
Comprehensive Cover	This policy provides the widest coverage, i.e. it covers : bodily injuries or death caused to other persons(known as 3rd party) third party property loss or damage and loss damage to own vehicle due to accidental fire loss of own vehicle due to theft. loss or damage of own vehicle due to accident	For vehicles within 10 years of the lifespan
Third party Fire & Theft	This policy provides coverage against claims : third party bodily injury and death third party property loss or damage and loss damage to own vehicle due to accidental fire loss of own vehicle due to theft.	For vehicles typically after 10 years old. Has premium saving as the insurance does not cover damage repair due to accident.
Third Party Only	This policy insures the driver against claims third party bodily injury and death third party property loss or damage and loss	For vehicles after 15 years : Has premium saving as the insurance does not cover damage repair due to accident, fire or loss due to theft.

Type

Features

Usage

Comprehensive Cover

This policy provides the widest coverage, i.e. it covers :

Third party Fire & Theft

This policy provides coverage against claims :

For vehicles typically after 10 years old.
Has premium saving as the insurance does not cover damage repair due to accident.

Third Party Only

This policy insures the driver against claims

For vehicles after 15 years :

Has premium saving as the insurance does not cover damage repair due to accident, fire or loss due to theft.

“I don’t know where my money goes !”