What is third party fire and theft motor insurance?

Whilst your legal requirements for motor insurance are covered by third party only policies, they are really only there to protect the people with whom you share the roads. The law requires people involved in an accident that isn't their fault to be compensated. So, you may be protected financially against other people's claims against you, and the cost of solicitors involved in any case relevant to that. However, you have made a presumably large investment in a motor vehicle. How are you covered for that?

Fire damage to your car is generally going to be quite serious. In many cases, a fire can completely write off your motor vehicle in terms of being able to use it. A fire could be electrical, or caused through vandalism, or occur when your car is stolen. On many occasions, thieves use your car for a purpose, then try and destroy the evidence by burning the motor vehicle out. You can be covered for this, since it can be assumed that something like this happening would be out of your control.

However carefully you drive, however hard you work in order to avoid accidents, you actually cannot control what happens to your car all of the time. If a thief really wants to steal your motor vehicle, you can't do all that much about it. When insurers ask you if your car has an immobiliser or alarm, they might take money off your premiums if you answer in the affirmative, but they know that your car might still be stolen. However advanced the technology becomes to make your motor vehicle secure, thieves become just as sophisticated. So, if your car gets stolen or damaged during a theft then you will want to claim, and the theft part of third party, fire and theft cover is what will enable you to do this.

Should you claim on your insurance policy you are normally likely to have to pay an excess. This is particularly likely when theft occurs. The excess is that amount that you pay as part of your claim. Each time you claim you will need to pay it, so in theory you are insuring yourself for the excess part of your claim. This could be anything from £50 up to amounts in excess of £1000. Sometimes, the insurance company will let you off the excess should you have taken every possible precaution in attempting to stop the theft, such as keeping the car in a locked garage.

Insurers apply an excess to make you feel more responsible for your possessions. You should keep any valuables out of view in your motor vehicle. They also make people think before making a claim, which will keep everyone's premiums down as spurious claims are less likely.

 

 

 

 

 

 

 

 

 

 

 

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Motor Insurance

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> Motor Insurance Advice.....
> What are the laws regarding motor insurance in the United Kingdom?
> What are the principles behind motor insurance?
> What types of motor insurance policy are available?
> What is third party only insurance?
> What is third party fire and theft motor insurance?
> What does a comprehensive motor insurance policy cover?
> What is excluded from comprehensive insurance policies?
> How do I claim?
> What to do if you have an accident?
> How do I claim if an accident causes damage to my car?
> How do I claim if the accident involves a third party?
> What do I need to do if using my motor vehicle abroad?
> How do I find the cheapest motor insurance premiums?
> How can I lower my motor insurance premiums?
> How are my insurance premiums affected by convictions, drink driving etc?
> Why do some motor insurance specialise in just young drivers?
> Why do some motor insurers specialise in just lady drivers?
> Why do some insurers specialise in higher performance motors?
> What are the road tax rates by specific type of vehicle?
> Who should I contact should I wish to report a problem with an insurance company?
> Who do I contact if I have a complaint against a finance house?
> Who should I contact should I feel I have been a victim of misleading advertising?
> Are motor insurance laws different in Ireland?
> Are motor insurance laws different in Scotland?
> Are motor insurance laws different in Northern Ireland?
> Are motor insurance laws different in Wales?