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In the UK it is a legal requirement for drivers’ using the public
roads to have car insurance in place, at a minimum this must cover third
parties for personal injury or damage to property. Many people will opt
to have more extensive car insurance than this legal minimum, as their car
is a valuable asset to them most will have third-party, fire and theft cover
(tpft). This is pretty much as it says, it complies with the minimum third-party
element, and in addition will cover the costs of repair or replacement of
your vehicle in the event that it is stolen or damaged by fire.
Car Insurance:
The next step up from tpft cover is a comprehensive policy, this covers
all the same areas as tpft, and in extends the insurance cover to pay for
all damage that may occur to the vehicle, even if it was due to an accident
that was the driver’s own fault. Such policies will also tend to cover
the cost of repair or replacement to the windscreen without any excess,
although this will vary between insurers. The excess on your car insurance
policy is the amount of any claim which you yourself must pay, so if you
have a £100 excess then you will pay the first £100 of any claim.
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