Third party only car insurance offers coverage for the third parties in the accidents. If you get involved in an accident and you are at fault, you will be liable to pay for the car damages of the third parties. With the third party only car insurance, the insurance company will pay the compensation of the car repair costs for the third parties.
Many car owners choose to buy the third party only car insurance because of the low premium cost. If you are a high risk policy buyer, you will have to pay high premium cost. Therefore, high risk policy buyers always chose third party only car insurance. People who own a car with low value also can choose the third party only car insurance.
Third party only car insurance will only protect the car if it collides with a vehicle. It also will pay the compensation if the third party get injured seriously and sue you. If the third party died in the accident, your insurance company will pay for the funeral cost. In the event that the car is stolen or exploded, the car insurance company will not pay for the compensation. If you want your car to get insured against the thief and fire, you have to buy the third party property, fire and theft car insurance.
In certain circumstances, the insurance companies will offer the third party only car insurance. For example, if the car is 40 years old, it can cost a lot of money to get replacement parts. In this case, the car insurance company will recommend the classic car insurance.
