What is Third Party Fire & Theft Insurance | Car Insurance | Policybazaar

Fire and Theft Car Insurance Explained

Third-Party Fire and Theft car insurance policy covers third-party liabilities alongwith losses
arising out of fire and theft to the insured car.

What is Third Party Fire & Theft Insurance?

A third-party fire and theft car insurance policy basically offers coverage to the insured car against
any third-party damages along with any damage caused to the insured car due to fire and theft.

How Is Third-Party Fire & Theft Insurance Different from Third-Party Insurance and
Comprehensive car insurance?

A third party car insurance is a mandatory cover under the motor laws of India, however, it does not cover any own damage sustained by the insured car. Whereas a third-party fire and theft cover
offers compensation for third-party damages and losses to the insured car caused due to fire and
theft incidents.

On the other hand, comprehensive car insurance offers much broader coverage as it covers third-
party liabilities, fire and theft losses and other own damage sustained by the insured car due to
unforeseen incidents. For instance, natural calamities, manmade disasters, road accidents, etc.

Things to Consider Before Purchasing Third-party Theft and Fire Policy

Here are some points that you need to consider while purchasing third-party theft and fire policy:

● This policy offers mandatory coverage for third-party damages such as death, injury or
property damage of third party

● It also covers losses arising out of the fire and theft-related incidents to the insured car

● The premium of this policy is lower than comprehensive car insurance but slightly higher
than a third-party insurance

● It is an economic policy for occasional and skilled drivers or those who do not want to spend
much on comprehensive cover

Inclusions of Third-party Theft & Fire Insurance

The coverage offered under a third party fire and theft insurance include:
● Third party bodily injuries and death
● Third party property damage
● Losses caused to the insured car due to fire-related incidents
● Losses arising out of theft of the insured car

Exclusions of Third-party Theft & Fire Insurance

A third-party fire and theft insurance does not cover the following own damages sustained by the
insured car:

● Damages arising out of natural calamities like earthquakes, cyclones etc
● Damages arising out of road accidents
● Damages caused due to electrical or mechanical breakdown
● Damages arising out of manmade disasters like riots, strikes, etc.

Third-party Fire & Theft Insurance Premium

Considering the coverage offered, the premium of third-party fire and theft insurance is higher than a third-party liability insurance policy. However, third-party fire and theft car insurance is less costly
than a comprehensive car insurance policy.

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Sir i hva done my insurance but still seen as my last year expiry insurance in rto