The 4 Most Interesting Benefits of Third-Party Car Insurance

Third-party car insurance

Third-party car insurance, also known as non-collision or liability coverage, is a type of car insurance that protects you if you cause damage to someone else’s property or injure someone else while driving your car. Third-party car insurance is an optional type of automobile insurance policy, and it typically costs less than other types of coverage. If you’re thinking about getting third-party car insurance, there are many benefits to doing so. This blog post will explore some of the most interesting benefits of third-party car insurance.

Your car becomes road-legal

It is illegal to drive a car that does not have valid insurance. A third-party insurance policy is just as legal as the high-end comprehensive policies that come with numerous enhancements. Buying third-party car insurance can make your car road-legal and get it off your driveway and onto the roads. The roadworthiness of your car is often a factor in how much you will pay for third-party car insurance. If your car is not road-worthy, you can get third-party car insurance for unregistered vehicles, which will allow you to drive it to get it registered in order.

Third-party policies are Easy on the Pocket

You can get cheap third-party car insurance by choosing a company that not only fits your needs but that also has a great reputation. Third-party car insurance is easy on the pocket and is often less expensive than comprehensive car insurance. You may be wondering how it can be cheaper than other types of insurance when you are only insured for damage you cause other people and not for damage to your car. When you cause an accident, you will have to pay for the repairs with your own money. However, if the other person is at fault, you will receive money from their insurance. This lowers the costs of your third-party car insurance.

The third-party policies protect you from expensive fixes when you cause an accident

Third-party car insurance protects you from expensive fixes when you cause an accident. For example, if you cause say maybe Ksh 200,000 worth of damage to another car and you don’t have collision coverage, you will have to pay for the repairs out of pocket. Buying third-party car insurance will protect you from these expensive fixes. If you cause damage to another car, third-party car insurance will cover the damage to the other car and pay for the repairs.

Third-party car insurance even protects you if you cause damage to another person’s car and they don’t have car insurance. Third-party car insurance companies pay out money to the victims of car accidents no matter who is at fault for the accident.

Third Party Insurance Cover gives Car Owners a Choice

Third-party car insurance gives car owners a choice. Third-party car insurance can be bought at a low cost. Third-party car insurance can be bought with or without collision coverage. Third-party car insurance with no collision coverage is often referred to as liability only. Third-party car insurance with collision coverage is referred to as third-party, fire and theft. Third-party car insurance with collision coverage can be chosen by car owners to protect themselves in the event of an accident. However, third-party car insurance with collision coverage can be more expensive. Third-party car insurance can also be used with comprehensive coverage. Comprehensive coverage protects you if your car is stolen or damaged by natural disasters.

When is it Smart to buy Third Party Car Insurance?

Third-party car insurance is not usually the recommended choice of coverage for many reasons. Fundamentally, the third-party cover does not take care of a large range of actual risks that you face while on the road. The car owner bears bigger risks in case some events happen. However, the third-party policy can be a smart car insurance choice in certain circumstances.

You are Broke

Life happens to all of us. It may be possible that you just realise you are out of cash to buy the much coveted comprehensive cover. When you need to pay for your premiums third-party cover can hold the fort for you until when you can afford to pay for a comprehensive cover. Talk to your insurance provider in advance, about whether you can upgrade your coverage later. The dumb thing to do is to remain without any form of insurance because for the time being, you are unable to afford a comprehensive cover. If you are broke, buying a third-party insurance cover is the smart thing to do.

Your Car is Older Than 15 Years

Most insurance companies have a 15-year ceiling when it comes to offering comprehensive coverage for a car. Some companies have a lower ceiling limit. In some cases, you can negotiate your way into a comprehensive cover with your insurer, especially if you have a good claims record. In addition, if you have a vintage car that is well kept, one that you can present at the Concours D’Elegance, you can negotiate for comprehensive cover. If for any reason you cannot access the comprehensive cover based on the age of your car, then think about a third-party cover.

Your Vehicle is Only Driven Within an Institution

It is illegal to drive an uninsured car. What if the vehicle never leaves your premises? Do you need insurance for it? The answer is straightforward. A car is a machine that can cause accidents even within the confines of an institution with a 15 KPH speed limit. Therefore, there is a need for a cover to protect the people who interact with the car. However, if there is zero risk of the car being stolen, vandalised or involved in a major accident, there is no point in buying comprehensive car insurance in Kenya. Under these circumstances, it may be a smart thing to buy third-party insurance for this car, or truck.

Your Car is in storage

You may have put your car in long-term storage, erm… parking. If you will not use your car for an extended period, and you can securely store it, then there is no point in paying for comprehensive cover for it. Your car may not need to go on the road any time soon if you have a new posting out of town that comes with a car, or if you have several cars, and are out of the country often. Recreational cars may also fit in this category. It would be a smart thing to buy third-party car insurance cover for the car for the period you will not be actively using it.

Bottom line

Shopping for car insurance wisely can help you protect your health, your assets, and your wallet, so make the effort to determine the type and amount of coverage that you need. Also, make sure that you review and understand your policy before you sign on the dotted line. If you plan well, you’ll be pleased with the results, should you ever find the need to put your policy to the test by making a claim.

So, don’t forget to add an extra layer of protection to your car with a car insurance policy! Contact Us Today At Shimin Insurance Agency to get the best deals for your car insurance with our trusted partners.

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