What Is Third Party Fire And Theft Insurance?

Third party fire and theft insurance (TPFT) is a type of insurance that provides coverage for damage to third party property, plus additional coverage for theft or damage caused by fire. It’s the middle option of the three levels of car insurance – the other two being third party only and fully comprehensive.

It’s important to note that TPFT does not cover your car if it’s damaged in an accident. It also doesn’t cover you if you’re injured in a road traffic accident. If you want this kind of coverage, you’ll need to choose a more comprehensive policy.

What Does Third Party Fire And Theft Insurance Cover?

TPFT insurance covers the damage you cause to third party property, such as another car or the wall of a house. It also covers you for fire damage or theft of your car, but it won’t cover any damage to your own car caused by an accident.

If you’re looking for a more comprehensive level of cover, you can choose to add personal injury cover to your third party fire and theft policy. This will cover you if you’re injured in a road traffic accident and will also cover you if your car is damaged in an accident.

What Are The Benefits Of Third Party Fire And Theft Insurance?

The main benefit of TPFT insurance is that it’s a cost-effective way to get cover for third party property damage, plus cover for fire and theft. It’s usually cheaper than fully comprehensive cover, so it’s a good choice if you’re looking for cover on a budget.

It’s also a good choice if you’re looking for cover for an older car. As TPFT doesn’t cover damage to your own car, it’s not as important to insure an older car as it is to insure a newer car.

What Are The Disadvantages Of Third Party Fire And Theft Insurance?

The main downside of TPFT is that it doesn’t provide any cover for your own car in the event of an accident. It also doesn’t provide any cover for personal injury, so if you’re looking for more comprehensive cover, you’ll need to choose a more expensive policy.

It’s also important to note that TPFT cover does not cover you for accidental damage to your own car, so if you do have an accident, you’ll have to pay for any repairs yourself.

Conclusion

Third party fire and theft insurance (TPFT) is a cost-effective way to get cover for third party property damage, plus cover for fire and theft. It doesn’t provide cover for your own car in the event of an accident and it also doesn’t provide any cover for personal injury. So if you’re looking for more comprehensive cover, you’ll need to choose a more expensive policy.