Taking out comprehensive car insurance will cost you significantly more than a third party or third party fire and theft policy. So what is it and is it worth the extra cash?
To understand comprehensive car insurance, you need to understand how its alternatives work. Though insuring your car is a legal necessity, there are three degrees available: third party only, third party fire and theft, and comprehensive. Third party only protects you against damage to vehicles driven by other drivers, third party property, and third party injuries; while third party fire and theft cover adds protection for your own vehicle if it is stolen or suffers fire damage.
However, neither of these policies protects your vehicle or you if an accident takes place - this is where comprehensive car insurance comes in.
How does comprehensive policy work?
This type of policy can ensure that your vehicle gets suitable repairs after an accident or even that you receive a replacement should the car be written off. However, what's crucial about comprehensive car insurance is that the cover you receive will vary widely depending on the provider you take a policy with.
Typically comprehensive car insurance will protect you against a number of events as standard. These usually include theft, fire damage, accidents, flood and storm damage and vandalism. You should check the terms and conditions of each policy to see if there are any exclusions or caveats to the protection you receive.
From there, there will be a number of 'standard' policy options - this is cover an insurer offers with every comprehensive policy. Most insurers also offer 'additional cover' - these are options you can pick and choose from to form the right insurance policy for you.
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