There are many different types of vehicle insurance available from most specialists. We wanted to take a look at some of the most common products today in the hope of setting the record straight. Making sure you get the right insurance cover for your automobile is essential. So, you’ll want to pay attention if you’re unsure about anything.
Fully Comprehensive Insurance
Fully comprehensive insurance policies offer the best protection for all motorists. It makes sure drivers don’t face high costs whenever an accident occurs. However, it also covers them for fire, accidental damage and theft.
Third Party Insurance
Third party insurance is the minimum legal cover a motorist must obtain. It doesn’t protect them against the cost of repair work, but it does cover the cost of accidents. Vehicles under third party cover are also protected against fire and theft in most instances.
Motor Trade Insurance
Here’s one most people won’t have encountered before. Motor trade insurance became compulsory for business owners in 1930, and it helps to protect their drivers. You can learn more facts about the ins and outs of Motor trade insurance by taking a look at the infographic we’ve attached.
Now you know a little more about the different types of insurance on offer today, it should become easier to make the right decision. As you might expect, fully comprehensive packages are always more expensive than the third party deals. However, it also offers better financial protection if something bad happens to your vehicle. So, you need to weigh all the pros and cons before contacting insurance specialists this year.
Infographic Designed To Give advice and facts about the industry