Introduction
When people mention insurance third party, most will think — oh, the cheap one lah. Basic cover, nothing fancy. But when you add that fire & theft bit behind it, suddenly it sounds like there’s more going on. So what’s the deal here?
Actually, this Third Party, Fire & Theft (TPFT) plan sits somewhere in between. It’s not as barebones as third party, but not as pricey as comprehensive either. You get a little bit of both — some extra protection, but still easy on the wallet.
What Does Third Party Insurance Really Cover?
Alright, so the basic insuran third party — it only covers the other person. If you accidentally hit someone’s car or injure them, your insurance will pay for their loss. But your own car? Nope. That one you’ll have to pay yourself.
It’s simple, affordable, but yeah, limited. Most people who pick this are driving older cars or second vehicles they don’t mind risking a bit.
The “Fire & Theft” Add-On — What It Means
Now, when you add “fire & theft”, this is where things get a bit better. It means your car is also protected if it’s stolen or catches fire. So you’re still covered for other people’s damage, plus you’ve got a safety net if something major happens to your own car.
Say your car gets stolen from a mall parking lot, or suddenly goes up in flames because of wiring issues — your TPFT insurance will pay based on your car’s market value. Not bad for a mid-range plan, right?
Who Should Go for TPFT?
This type of insuran third party, fire & theft makes sense if your car’s already quite old — say, 10 years and above. Once your car’s value drops, paying for full comprehensive coverage isn’t really worth it anymore.
A lot of Malaysian drivers go for TPFT, especially those with older cars or second vehicles for work. It’s that sweet spot — affordable, but still gives you peace of mind if something big like theft or fire happens.
Conclusion
If you’re tight on budget but still want some kind of backup, third party, fire & theft insurance is honestly a smart move. It doesn’t give you full protection like comprehensive, but at least you’re not completely exposed.And the best part — you can check and compare prices easily on BJAK. Everything’s online, quick setup, and you can renew both insurance and roadtax in one shot.
Read More:
How Bjak Simplifies Car Insurance Renewal Process
