When it comes to your car insurance contract, there might be some things in there you don’t quite understand. Which is why we have put together a simple guide to understanding one of the most commonly used terms: third party liability…
Car insurance is something most of us know we have to have, or should have, but don’t always understand.
As insurance providers, we pride ourselves on making vehicle insurance simple and easy to understand. We get that life is complicated as it is, so we make sure our insurance isn’t.
One of the most common questions we get is about third party liability, what it means and how it works when it comes to car insurance.
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What is third party liability?
Okay then, let’s get into it…
The best way to understand what this means is to break it up.
“Third party” refers to anyone who is involved in a car accident that is not you or your insurer.
This can be someone else’s car or even your neighbour’s garden wall that your car hit in an accident.
Then there’s the term “liability”. Liability is just a fancy word for responsibility.
When you put it all together, third party liability means that you are personally and financially responsible for paying for the damage you have caused to another person’s property, if you do not have third party insurance.
Why do I need third party liability cover?
Great question! Let’s answer that…
Cover for the unexpected damage
You need this type of cover because you cannot predict when things go wrong, but you can plan for when they do.
You never know when you might be involved in an accident or cause damage to someone else’s property.
Every time you get behind the wheel, you are taking a risk. That’s why it’s always better to be prepared.
Help cover the costs of third party damage
Third party cover helps pay for damage caused to the other party involved in an accident.
For example, if you hit your neighbour’s wall, you would need to pay to fix both your car and the wall.
With third party cover, the cost of repairing the wall would be covered, leaving you responsible only for your own vehicle.
This type of cover can help you avoid serious financial strain.
Helps you avoid a legal battle
If you cannot afford to pay for the damage caused to someone else’s property, they have the right to take legal action.
This isn’t always personal. It’s often because the other party cannot afford the repairs themselves.
Without insurance, you could find yourself dealing with a costly and stressful legal situation.
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What is the best type of car insurance cover?
Third party liability cover only pays for damage caused to another party. This means you are still responsible for paying for any damage to your own vehicle.
That’s why comprehensive car insurance is often considered the best option.
Comprehensive cover helps pay for damage to both your vehicle and the third party’s.
Many people avoid comprehensive cover because they think it’s too expensive, but that’s not always the case.
Oneplan car insurance: cover that fits your budget
At Oneplan, we offer comprehensive car insurance solutions. That means that third party liability cover is always part of the plan.
And the best part?
It’s affordable.
We allow you to choose how much cover you want at a price that suits your budget.
This is done through our cover slider, where your premium is calculated based on your selected level of cover and risk profile.
You can adjust your cover at any time and even pause it when needed.
Everything can be managed through the Oneplan App, where you can access your policy, make changes and chat with our team.
Pretty great, right?
Make sure you are covered for the expected, the unexpected and everything in between.
Want to switch to Oneplan? Get an obligation-free online quote today!
Yours in uncomplicated car insurance,
Oneplan
