Wht is d difference between 1 st party insurance and 3 rd party insurance?

Question:
i have a honda deo 2004 model which insurance should i go for ...why and how much should it cost?

Answers:

No Car Insurance?

1st party insurance means the person who owns the vehicle,
3rd party means all other persons or property outside the vehicle,
In a 1st party insurance premium is high and all the loses incurred in case of a mishap is borne by the insurance company. whereas in the case of 3rd party the losses incurred by the other party is paid up by the insurance company, but that is limited to the amount decided by the court including any 3rd party fatalities.
To drive a vehicle on road 3rd party insurance is compulsory whereas 1st party insurance is upto your wish.

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please help?

the 3rd party insurances provides you with an extra 2 parties.
and whooo! partayyy

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Insurance offered car hire - or check for $100. What to accept?

Third party property car insurance protects against claims for damage that your car causes to another person’s vehicle or property.

is it legal for a car supplier to sell a brand new car the register it in there name the day i pick it up?

First party (collision and comprehensive) covers the car.

I was on the highway and hit something that( obvioulsy fell from a truc). I cracked my front bumper skirt.?

Collision is not cost-effective with older cars. If you do get it, determine how much you would be willing to cover yourself in case of an accident; use the highest amount as your deductible.

Do I have to declare speeding fine in Ireland to Car Insurers?

Bottom line, though, insure for the big things (liability) as opposed to smaller ones (body damage). You'll save in the long run.

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What should my brother do about a hit and run accident?

I st.party insurance covers own damage claims of the vehicle insured which is called comprehensive/Full insurance also covers third party damage(yourself is I st.party,Insurance company is II nd.party and all others are 3 rd.party) You can also cover only 3 rd. party insurance at nominal cost which covers only third party liability.Cost of comprehensive insurance depends on cost/model of the vehicle.

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what do i do for my full (18 year old) drivers lisence?

In 1 st party insurence ,you will get total benifit if you lost vehicle or incase of accident also you get max. benifit.But in case of 3 rd party insurence you don't get it.So you go for 1 st party insurence.IF You are selling the vehicle then go for 3 rd party insurence.insurence cost is about 3% of value of your vehicle

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