Compare third party insurance and comprehensive on following parameters: i. Risk cover ii. Premium iii. Application of vehicle iv. Condition

Compare third party insurance and comprehensive on following parameters: i. Risk cover ii. Premium iii. Application of vehicle iv. Condition
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1 Answer

Answer :

i. Risk cover

 In third party insurance only covers damage from a accident only to the other people and their property if you are fault.

 In case of comprehensive insurance the damage of your property due to accident is covered.

ii. Premium

 The premium rate of third party insurance is very cheap than the comprehensive insurance.

 The premium rate of comprehensive insurance is costly because in this policy own damage as well as third party damage also cover.

iii. Application of vehicle

 The third party insurance is suitable for goods carrying vehicle, two wheeler and high weight motor vehicles.

 The comprehensive insurance is suitable for four wheeler vehicles passenger carrying vehicles.

iv. Condition

 In third party personal injuries and damage to property does not cover.

 In comprehensive insurance personal injuries are covered.
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