What is Third party fire and theft Motor insurance?

Whilst technically your legal requirements for motor insurance are covered by a third party only policy they only protect the people with whom you share the roads, not yourself. The law requires that people who are involved in an accident that is not caused by themselves, be compensated. So, with third party insurance you may be protected against other people's claims against you, but not if you are responsible for the accident.

Hot Topics

How do I make a claim on a Motor Insurance policy?: You should also take the time to familiarise yourself with the claims procedures at each new motor insurance company you use. Each company has a slightly different claims procedure, it is imperative that you understand both what is covered and how you should approach making a claim against your policy.
What Do I need to do if using my Car abroad?: No matter where you go in Europe, be it Ireland, Wales, Scotland or the mainland, you are covered for at least the minimum level legally required in that country with your UK motor insurance policy.
Who do I contact if I have a complaint against a finance house?: First you must address your original contact you dealt with, ask them for their job title and then request that the provide you with the name of the person who handles complaints. Traditionally, finance houses are required by the FSA to have a complaints procedure, and you should ask for details of this.
As a result of the accident, my car has been damaged - can I go ahead and get it repaired?: If you have taken out comprehensive car insurance cover and wish to claim under the policy, a specific claims procedure will be given to you when you contact the Claims Line to notify them of the accident. You should not repair your vehicle without the approval of your insurer.
How to provide evidence of my No Claim Discount?: Accepted proof of the No Claim Discount would be as follows:

In the event of a fire, Fire damage to your vehicle is likely to be quite serious. In many cases, fire damage can completely write off your vehicle and permanently prevent you from able to use it. A fire could be caused by the cars electrical system, through vandalism, or occur after your vehicle is stolen. In many circumstances, thieves may use your vehicle for a specific purpose, then destroy the evidence by burning the vehicle.

However carefully you drive your vehicle, you can’t actually control what happens to your vehicle when you are not around. If a thief really wants to steal your vehicle, you can't do all that much about it. When insurers ask you if your vehicle has a security system, they may reduce your premiums if you have a security system such as a immobiliser or an alarm. However advanced the security technology within your car you have tom understand that the thieves become just as sophisticated. If your car gets stolen or damaged during a theft, third party fire and theft cover will ensure you receive the payout needed to replace your vehicle.

When you claim on an car insurance policy you are usually expected to pay an excess. The excess is the value that you have to pay as part of your claim. Each time you make a claim you will be expected to pay the excess, 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. In some circumstance the insurance company will be prepared to let you off the excess should you have taken every possible precaution in attempting to stop the theft.
Insurers apply an excess in an attempt to both reduce your monthly premiums and to reduce the risk they face themselves. By increasing the personal cost of making a claim they force you to try especially hard to avoid claiming on the insurance (N.B. Please be aware after making a claim your insurance premiums are likely to rise on the policy renewal date).