Coverage Levels
Car insurance cover is the benefit you derive from paying a monthly premium on a car insurance contract. For more details see “cover.” A car insurance policy can be seen as a bundle of different forms of cover. Different car insurance policies provide you with different coverage levels. The higher the level of cover, the higher the price will be.
In South Africa we have 3 main levels of coverage when referring to car insurance:
1.Third party only
This is the lowest level of car insurance coverage available on the market and covers you only for claims from third parties should you be the guilty party in an accident. You have no cover for your own damage or for any other risks such as fire and theft.
2.Third party, fire and theft
This insurance has the same third party cover as above but also the added level of providing you with cover against theft and fire damage.
3.Comprehensive coverage level
This is the best cover available as it provides cover against all known risks. Your cover includes the levels as described in 1 and 2 but added to that you are covered for accidental damage, hail damage and hijacking. There are also added benefits such as towing and storing, cover for your car accessories (if specified), road side assistance and more.