Third party cover is the third type of insurance cover. The other 2 would be full comprehensive cover and third party fire and theft cover.
Third party cover basically only covers you for the third parties damages should you be involved in and accident and proved to be your fault. It is a good type of policy to take out if you have an old vehicle and are not too worried if it gets stolen or damaged. You would take out this type of policy so that you are at least covered for the other vehicle.
You could also take out this type of cover for your eighteen year old son or daughter who have just received their driver’s licenses and are driving old “first vehicles”. We all know that the best way to learn to drive is in an older vehicle because firstly you they are a little less comfortable to drive and secondly because they have a habit of breaking down. This helps your children to learn how to fix or know what can go wrong on a car. With this in mind you would want third party cover so that you can rest assured that should your child be involved in an accident while still learning to drive that the other vehicle is still covered.
Third party cover is your most basic form of insurance cover. It is therefore the most affordable type of cover. You need to bear in mind though that your own vehicle will not be covered for any type of damage at all. So if you really value your vehicle and can afford full comprehensive or third party fire and theft cover, then that would be a better option.
I hope I have covered all there is to know about third party cover. If I have not and you have any questions please feel free to post a question in the forum and I’ll answer it for you soonest.