Daft question coming up:
OK, so 3rd party means that you are covered for any expenses incurred on others, but not yourself, right?
But the car IS owned by another, so any damage to it is damage to a 3rd partys property.
So is that damage covered?
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No, because that is a question of financial liability not related to a motor incident.
Same as if your car is written off and you have a larger loan on it than the car is worth.
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Sorry, when I said 'damaged' I was meaning if you were to crash another persons car, that you were insured 3rd party on.
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I think that you mean if you drive another vehicle whilst relying on your own insurance cover then that cover is Third Party Only.
That is correct - if you damage the vehicle you are driving then you have to pay for the repairs, but are covered for damage etc to any other vehicle involved.
Such Third Party Cover is normally assumed to only be available to Fully Comprehensive insurance holders but TPFT policy holders can have the benefit, as was the case with my son when he first took out his own insurance cover.
Incidentally, if you drive someone else's vehicle, make sure that they actually have a driving licence or have held one and are not disqualified to hold or obtain a licence.
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What\'s for you won\'t pass you by
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Such Third Party Cover is only available, it appears, to those over 25 years old. Anybody know an insurance copmany that will offer that to under-25s?
Oh, and, please, why does the owner have to have a driving licence? (& not be disqualified to have one?)
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Such Third Party Cover is only available, it appears, to those over 25 years old. Anybody know an insurance copmany that will offer that to under-25s? Oh, and, please, why does the owner have to have a driving licence? (& not be disqualified to have one?)
The reason the owner needs a driving licence is due to the fact the car you are driving, that you do not own, also has to have valid insurance before you can drive it, irrelevant of the fact that you are fully comprehensive on another vehicle.
Carse
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The reason the owner needs a driving licence is due to the fact the car you are driving, that you do not own, also has to have valid insurance before you can drive it, irrelevant of the fact that you are fully comprehensive on another vehicle.
That has been much debated on here, with no definate outcome.
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So, if you have insurance that allows you to drive anyone elses car with 3rd party cover, while you're driving that car, for the purposes of the cover, it's counted as your property?
So the owner of the car can't, as a third party, try to recoup their losses from your insurance company?
(BTW, thanks to whoever corrected my title)
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You are covered for third party liability only provided the car is the subject of an insurance polcy taken out by the owner. The third party cover you have only applies while the car is being driven. If you park it and its nicked your insurers will not cover you.
So if you knock down a pedestrian and bend the bonnet your insurers will compensate the pedestrian, you will have to pay for the bonnet repair.
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