What Third Party Insurance is:
Third Party insurance provides cover for any damage you may cause to another person’s vehicle (the third party). This insurance will cover the costs associated with the accidental death or injury of third parties involved in the particular accident.
If you choose to get Third Party Only insurance you have no cover for your loss or damage to your own car caused by accidents, fire or theft. It is generally cheaper than Comprehensive cover and Third Party, Fire and Theft car insurance.
Getting this type of insurance cover may be ideal if your vehicle is paid off or is of relatively low value.
The South African context:
While car insurance is compulsory in most First World countries, in South Africa this isn’t the case – for now. South African government is working on making Third Party cover compulsory.
The other types of car insurance that are available include:
- Comprehensive cover
- Third Party, Fire and Theft
Getting this type of cover will provide you with a basic form of coverage but it does not provide any cover in the event of a fire or theft. You also need to consider how much it would cost to make a claim against the cost of replacing your vehicle.
Where can you get Third Party Insurance?
You can approach insurance companies directly or you could opt for applying online. Another option is to get a quote form a broker, which could expose you to many more insurance options to suit your individual needs.
There is a wide array of leading insurance companies in South Africa who offer quality Third Party Insurance and its variables. If you are looking for this insurance you can get help from companies such as:
- Budget Insurance
- Auto & General
- Dial Direct
- Mutual & Federal