What is Third Party Only insurance Cover?
Although we have talked about the types of car insurance in detail and how insurance companies works, many people still find it difficult to understand them. Therefore, in this blog post, PitStopArabia will focus on just one type. It will surely help you remain focused. The wording will also be simplistic to ensure that people from all backgrounds can grasp the below information. The article will discuss the third party only insurance cover.
What is Third Party Only Insurance Cover?
You might recall that car insurance in UAE is compulsory. It is not just the UAE which has made it mandatory. Europe, USA, and many other countries have criminalized driving without insurance. Driving without car insurance in UAE can get you an AED 500 penalty and 4 black points. That’s not all as the car can be impounded for a week as well.
Hence, irrespective of how you feel about vehicle insurance, you need to buy it. One can buy car insurance online in UAE or walk into the offices of an insurance provider. Regardless of choice, the provider will offer two policies – third party and comprehensive. The third part is the minimum insurance every car owner must have in the UAE. It is usually the cheapest car insurance as well.
What Cover Does Third Party Only Insurance Provide?
It only covers damages to the other party and nothing else. For example, you end up in a collision. As a result, your and other party’s vehicle is damaged. However, the insurance provider will only cover the damage done to the other party. Personal injury to the third party is also covered. However, you will not be able to make a claim for damages to your vehicle or any personal injury.
Is Third Party Insurance Viable?
It depends on individual circumstances. Opting for anything besides third party insurance will increase the insurance premium. Not everyone can afford to pay a higher premium. Likewise, the vehicle type must also be considered. If you own an older, inexpensive vehicle, there is no point in opting for anything besides third party insurance. You can easily cover the damages yourself due to lower repair costs.
On the other hand, if you own an expensive vehicle, it is better to opt for a comprehensive policy. The reason is that repair costs for newer vehicles will be higher. Furthermore, if you drive infrequently, third party insurance is the ideal choice. If you spend a considerable amount of time on the road, the third party insurance may not be enough for your needs.
Wrap Up
This concludes our blog post. If there is anything you would like us to add, send in your suggestions. Your feedback can help us improve our content and services. Lastly, make sure that your insurance is still valid before sitting in the driver seat. Thank You.