Car Insurance Types
Types of Car Insurance Cover
When it comes to buying car insurance there are so many things you must consider the level of cover, the excess, and the cost to name a few. If you are paying a lot of money for your policy it makes a lot of sense to know what is in your insurance policy. Virtually everywhere in the world, you need some form of insurance cover when you drive. When you are shopping around for car insurance it is essential to understand and know the different types of insurance that are on the market today with the many different types of insurance companies. Here are some of the main types of car insurance cover options that are on the market today.
Comprehensive Cover
Comprehensive cover is generally the most expensive policy insurance option. This type of policy is the same level as third party fire and theft only you will also be covered in the event of damage or an accident caused by vandalism. If you damage your vehicle and you are at fault and you have comprehensive cover you will receive compensation. It may also help against accidents with animals, vandalism, and certain weather events.
Third Party
Third-party policy is considered as the basic cover by law in Ireland. It is a minimum level of insurance. This type of insurance cover will only give compensation to the parties that are involved. This could be for many reasons such as injuries they sustained or damage to their vehicle. There will be no compensation to you for injury to your person or damage to your car. Any loss or damage to your vehicle you will not be compensated in the event of theft or fire.
Third Party Fire and Theft
Third-party fire and theft are a popular type of cover for a lot of Irish motorists. It offers the same cover level as third-party only you are covered if your vehicle has sustained any damage in the event of a fire or may have been stolen. If you have an accident and it is your own fault you will not be covered for any injuries you sustain or damages to your vehicle.
Liability Cover
Liability insurance provides cover for any damages which you are responsible to people or their property while driving. If you are in an accident and are at fault and other people do require medical assistance or need vehicle repairs, then your liability insurance cover will pay for this. It is by law to have a minimum level of liability insurance.
Collision Insurance
If you are involved in an accident with another vehicle you may be covered for damages, replacement, and repairs to the car.
Personal Injury Protection Insurance
In the event, of a covered accident, personal injury protection insurance may cover loss of income and some certain medical expenses. It depends on the policy limits also. This type of policy may cover as much as 80% of medical and other expenses which stem from a covered accident.