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what exactly does third party insurance cover

Discussion in 'Businesses and Service Providers' started by harris__6, Feb 16, 2009.

  1. what exactly does third party insurance cover just damage to others property and injury

    is there a way to combine 3rd party and add on fire and theft
  2. like it says in the insurance ads, check the product description for details. every insurance policy is differant and can/will vary from company to company.
  3. Your standard "Third party property damage" covers just that.... Damage to a third party's property, be it a car, house, bike etc. It does not cover your property in any way shape, or form, and never will.

    There will be a limit of cover to the third parties property, which is the maximum they will pay in the event of a claim, the standard for a motor vehicle is usually $20,000,000 AUD. You will have an excess which you will need to pay aswell in the event of a claim (can be anywhere from $100 to $5000, check your PDS)

    You can get a third party fire and theft policy from most insurance companies that cover bikes. (RACV only do TP though)

    As above, best to read your PDS. Or, if your don't have one yet, you can download one from any motorcycle insurance website (try Western QBE).

    Feel free to PM me if you have any in depth questions. :)