Why Third Party Insurance is Vital in South Africa
November 4, 2018
It may come as a surprise to many, but it’s true that motor insurance is not mandatory in South Africa. Third party cover is compulsory in most other civilised countries. It means that car owners can at least finance the repairs to another party’s car if they cause an accident. The kind of insurance that offers this essential kind of cover is third party insurance. And we would argue that third party insurance is vital.
Third party insurance covers only one kind of risk. Therefore it is the most affordable of the insurance options available to car owners. If you are on a tight budget, you should at least secure third party insurance to help ease your worries on the road.
Why Third Party Insurance is Vital
Without this form of insurance, life would be tricky for you as a driver. It is possible that
one day you fail to notice the lights turn and rear-end an expensive SUV. In such instances there is no discussion, you are at fault and will be required to pay for the repairs to that sleek Porsche Caen or BMW X6.
Knowing how expensive even the smallest parts of these high-end cars can be, how will you replace that heavily dented bumper and broken taillights? That is the level of risk you will be exposing yourself to if you insist on driving without insurance. Even if you have some money saved away somewhere, would you want to fritter it away on fixing someone else’s car?
Let’s not forget that your jalopy will need fixing as well. That is why, even if you cannot afford a policy that will cover your car, you need to get one that shields you from third party claims.
Comprehensive Cover Is the Ideal Option
However, you need to be clear that third party insurance offers only very limited cover. It will enable you to repair the damage you cause to others’ property with your car but nothing more. You will not even get compensation for the repair of the smallest dent. So why not consider getting the cover that will protect you from all eventualities?
Comprehensive car insurance is the most highly recommended kind of protection you can get. In the event of an accident, the other party will be compensated for damage or injury caused by your car, and you will also get compensation for damage to your vehicle. On top of that, this cover will cover you for theft and damage caused by fire. With the rampant cases of car theft and hijackings in the country, you need the cover that will protect you from such loss.
On top of that, this cover will cover you for theft and damage caused by fire. With the rampant cases of car theft and hijackings in the country, you need the cover that will protect you from such loss.
Comprehensive insurance might be too costly for you.
However, at the very least third party insurance is vital. Make sure you at least get a third party policy before you put your car on the road.
You can easily get a quote for the most affordable third party insurance by visiting insurance comparison sites and submitting some personal details.
They will get back to you with a number of quotes that match your criteria.
To get your own car insurance quote now. Just complete and submit the form on this page
All info was correct at time of publishing