Third-party Fire & Theft Insurance Policy in Motor Insurance

Get Car Insurance starting at only ₹2,094/year #
Processing

Buying a car comes with a big responsibility. You need to protect one of the biggest investments from several unforeseen instances including theft and fire. In India, it is mandatory to purchase a third-party insurance policy for your car. However, it does not give you extensive coverage. That is why you have the option of opting for third-party theft & fire insurance policy. So, what is this third-party fire and theft insurance policy?

Read more

  • Renew policy in 2 minutes*

  • 20+ Insurers to choose

  • 51 Lakh+ Vehicles Insured

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Get Car Insurance starting at only ₹2,094/year #
Looking for Car Insurance?
    Other models
    Other variants
    Select your variant
    View all variants
      Full Name
      Email
      Mobile No.
      View Prices
      Please wait..
      By clicking on “View Prices”, you agree to our Privacy Policy & Terms of Use
      Get Updates on WhatsApp
      Select Make
      Select Model
      Fuel Type
      Select variant
      Registration year
      Registration month
      Save & update
      Please wait..
      Search with another car number?

      We have found best plans for you!! Our advisor will get in touch with you soon.

      What is Third-party Theft & Fire Insurance Policy?

      Like anything else, cars also need proper maintenance and preventive safety measures to protect them from inattentive mishaps. That is why the right car insurance policy plays a significant role in getting assured from these unpredictable instances.

      However, some car owners do not want a comprehensive car insurance policy that provides coverage for third-party liabilities and own damages. That is why third-party theft & fire insurance policy is introduced to meet the requirement of those people who do not want a comprehensive car insurance cover.

      This car insurance policy does not cover you for your own damages that have occurred in a road accident. But will certainly cover for an attempted theft that led to losses or damages to your insured car.

      How Is Third-Party, Fire & Theft Insurance Different from Third-Party Insurance?

      As the name suggests, a third-party fire and theft insurance policy provide you cover for third-party liabilities as well as loss or damage caused in a fire incident, or the insured car gets stolen. Whereas, third-party insurance will only provide cover for the third-party liabilities, which is also a mandatory cover in India.

      How Is Third-Party, Fire & Theft Insurance Different from Comprehensive Insurance?

      A comprehensive insurance plan provides extensive coverage as it covers for the third-party liability and your own damages caused due to accidents, natural & man-made disasters, theft, fire, total loss, etc. Also, it is costlier than the third-party fire & theft insurance plan. This is how it differs from third-party fire & theft insurance.

      Things to Consider Before Purchasing Third-party Theft & Fire Policy

      When you purchase a car you consider several things like your budget, what kind of car you want, horsepower, if the car meets your requirements, etc. Similarly, while purchasing an insurance policy you need to consider several things. Here are the things that you must consider while buying a third-party fire and theft plan-

      • This policy provides cover for third-party liabilities
      • Fire and theft are covered
      • It does not provide cover for own damages in case of an accident
      • Slightly more expensive than a third-party liability policy
      • Compare different plans online and then purchase the right one
      • Purchase it if you do not drive your car very often
      • Purchase it if you are a skilled driver and less likely to meet an accident.

      Exclusions of Third-party Theft & Fire Insurance

      There are chances that your claim might get denied by the car insurance company. Here are some reasons:

      • In case your insured car gets damaged due to a fire accident that happened because of an electrical or mechanical breakdown
      • Damages to the insured car due to road accident
      • If the driver does not have a valid driving license when the accident took place
      • If the insured car is used in illegal activity
      • Your own damages, bodily injury, and death as well as the passengers in the vehicle
      • Loss or damage caused to your car in a war or war-like situation
      • Loss or damage caused by an act of terrorism.

      Third-party Fire & Theft Insurance Premium

      A third-party fire & theft insurance policy is more expensive than a third party insurance and less costly than a comprehensive car insurance policy.

      However, you must check the value of the different insurance policies. For that, you can visit the official website of Policybazaar Insurance Brokers Private Limited and check the insurance premium for your car model. You can also compare multiple plans offered by insurers and find an affordable deal in your budget.

      Wrapping It Up

      It would be a good idea for you to purchase this insurance plan if you do not drive your car often. It is a cost-effective insurance plan and purchasing it online would make your deal successful.

      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
      Search
      Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
       Why buy from policybazaar

      Car insurance articles

      Recent Articles
      Popular Articles
      All You Need To Know About Hatchback Car Insurance

      05 Dec 2023

      Investing in a hatchback can be a great option if you are looking
      Read more
      Does Your Car Insurance Cover Damages By Rat Attack?

      29 Nov 2023

      Considering the population of rats in our country, it is common to
      Read more
      All You Need to Know About Standalone OD Insurance

      29 Sep 2023

      The concept of Own Damage(OD) is not a new one. For those of us
      Read more
      Your Guide to Reducing the Chances of a Rejected Motor Insurance claim

      29 Sep 2023

      Filing a motor insurance claim can be a complex process, and
      Read more
      Top things to keep in mind when Renewing Car Insurance

      29 Sep 2023

      To continue receiving coverage benefits, it's necessary to renew
      Read more
      Check Vehicle/Car Insurance Status Online on Parivahan Sewa, Vahan, IIB & RTO
      It doesn’t matter if you are an excellent driver or take your car out only once in a few months, your car must be
      Read more
      How to Find Car Insurance Details by Registration Number?
      As a car owner, it is mandatory to have a car insurance policy under the Motor Vehicles Act, 1988. Sometimes, you
      Read more
      Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
      Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your
      Read more
      How to Transfer Car Insurance Policy?
      An integral part of selling a car for both the buyer and the seller is ensuring a successful car insurance transfer
      Read more
      Comprehensive Insurance Vs Third Party Insurance
      A comprehensive car insurance policy offers protection against third-party liabilities and own damages sustained by
      Read more

      top
      View Plans
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL