Third party insurance is the cheapest and most basic form of insurance cover. So it is important you know what you are really covered for when you take out this insurance.
What is third party insurance?
Third party cover protects the insured driver against a demand for the cost of accidental damage to another’s property.
Competitive third party insurance quote
It is definitely worth your while getting a quick 3rd party insurance quote with Natloans.
Natloans has full accreditation with some of the largest insurance companies in Australia. Our highly trained staff will find the best solution to meet your needs.
How does third party insurance work?
Say your car brakes aren’t what they used to be and your 10 year old magna rear-ends a new Mercedes E Class. Third party insurance ensures you won’t have to fork out thousands of dollars to pay for the Mercedes’ repairs.
With third party insurance you have liability cover against damage caused to another’s car or property. Usually third party insurance cover ranges between $5 million and $20 million depending on the underwriter.
Compulsory third party insurance is what you pay as part of your registration fees. This covers you against any injury or medical claims if you are at fault in an accident. Now certainly you don’t have any choice as third party insurance is compulsory. But the protection afforded by third party insurance makes this cover unfailingly worthwhile.
Sourcing third party insurance may sound all fairly simple. But over 100 insurance companies offer comprehensive automotive coverage in Australia. So not all third party insurance packages are created equal. Indeed, there are vast differences in what is covered, conditions of repair and replacement and extra features. Not to mention premiums from one policy to the next.
You can apply for a free third party insurance quote online today at Natloans. Happy safe motoring.