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Question: What is the difference between “Third Party Insurance” and “Comprehensive Insurance”?
Answer: Car or vehicle insurance is very important today because of increased traffic and commute. It gives you peace of mind in case of any accidents or emergency. The major types of insurance are third party insurance and comprehensive insurance.
Third party insurance covers the damage or liabilities caused by your vehicle to any other vehicle. Third party insurance compensates your mistake caused inadvertently.
Comprehensive insurance covers everything, i.e. damage your vehicle, theft of your vehicle, damage caused to others’ vehicle and properties. Comprehensive insurance varies in features and you can add as many features. Most of the companies include other features such as road side assistance such as emergency repair, towing etc. It is important to take third party insurance of comprehensive insurance. It is always better to be safe than sorry.
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Auto / Vehicle / Motor Insurance Interview Questions & Answers -
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Question:
What is the difference between “Third Party Insurance” and “Comprehensive Insurance”?
Answer:
Car or vehicle insurance is very important today because of increased traffic and commute. It gives you peace of mind in case of any accidents or emergency. The major types of insurance are third party insurance and comprehensive insurance.
Third party insurance covers the damage or liabilities caused by your vehicle to any other vehicle. Third party insurance compensates your mistake caused inadvertently.
Comprehensive insurance covers everything, i.e. damage your vehicle, theft of your vehicle, damage caused to others’ vehicle and properties. Comprehensive insurance varies in features and you can add as many features. Most of the companies include other features such as road side assistance such as emergency repair, towing etc. It is important to take third party insurance of comprehensive insurance. It is always better to be safe than sorry. Source: CoolInterview.com
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