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Car Insurance in Pakistan

Which One To Opt For-Comprehensive Car Insurance or Third-Party Liability

Posted by Admin on 14 Sep 2022

The two most popular insurance types are comprehensive and third-party insurance. They are the most in demand. Comprehensive due to its full-fledged cover for any third party for its mandatory demand and lowest premium. 

Both play a vital role in protecting you and your car. Let’s take a look at both of them to see which one is more beneficial for our clients. 

Third-Party Liability

Third-party liability insurance is the plan that gives you financial cover in case of an accident caused by you. The insurer covers you for the damages done to the other driver’s car and health and so you don’t need to pay for the damages out of your pocket. 

Third-party liability is also mandatory by law, this is the least coverage you should have. Having third-party liability ensures that you drive carefully and other drivers around you stay safe. This insurance plan also covers the hospital bills for the injured driver till they are nursed back to health. 

Comprehensive Insurance

Comprehensive car insurance is in one policy and the most you can ask for. It covers each and every damage and injury to your car and you. It covers your car in case of theft, natural calamity, accident, and everything you can think of. Not only that it also provides cover in case of third-party liability.

Following are the covers provided by the comprehensive car insurance policy:

  1. Accidental damages
  2. Theft
  3. Total loss
  4. Fire
  5. Riots and strike
  6. Natural calamities
  7. Third-party liability
  8. Medical expenses

As we can see that the third party liability is already included in comprehensive car insurance with health cover for the driver as well. So in the long run, comprehensive car insurance is more feasible. 
Although we always leave the decision to our clients in order to get their utmost satisfaction if the clients ever look up to us we always recommend them to buy comprehensive car insurance rather than any other because it is a complete package and covers everyone without discriminating. 

Conclusion:


The premium might be a bit higher than the third-party liability but in the long run, it'll cost you way less. Let’s look at a scenario where you caused an accident and had to claim your insurance to pay off for “their” damages. But what about yours? You will still need to pay for your damages and that can cost you way more than a comprehensive car insurance policy. So it is better to pay for the comprehensive policy than to save money and get the third-party liability policy.

Let’s Compare Online is an insurance comparison platform where you can compare and buy insurance policies online from different insurers across Pakistan. We take great pride in excellent customer service. We aim to satisfy customers with each and every aspect of their decision which is why we give unbiased advice and we are affiliated with trusted insurers across Pakistan as well. So get insured and live safe today!

Related topic: 

What is Comprehensive car insurance?

What is Third-party liability?

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Car Insurance in Pakistan

How To Register Your Commercial Vehicle For inDrive Freight

Posted by Admin on 17 Feb 2023

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Travel Insurance in Pakistan

How To Buy Travel Insurance Plans For Consecutive Six Months

Posted by Admin on 01 Feb 2023

Guilt-free and stress-free travel is the aim of travel insurance companies for their clients. If you want to travel without any stress, then travel insurance is going to be your best friend. There are many travel insurance plans for all the clients' needs. You can get a travel insurance plan for a day and for a year. Let's take a look at Long stay travel insurance and other frequently asked questions about travel insurance.What Is Travel Insurance In Brief?Travel insurance is a contract for your safety while you travel. The safety offers financial protection against any damages you face. It covers a range of obstacles from flight cancellation to baggage loss and departure home in case of any emergency. There are travel insurance plans for a short stay and a long stay. Let’s take a look at it further.Travel Insurance For 6 Consecutive MonthsAny travel insurance that exceeds the six months mark is counted as an annual travel insurance policy. Annual travel insurance is the most extended travel insurance plan you can opt for, with yearly premium renewal. The longer the policy the higher the premium will be, making the premium for an annual policy higher than the rest. The premium also depends on the type of coverage you opt for. What Are Long Stay Travel Insurance Policies Used For?Long-stay travel insurance policies are often required for study visas, the students stay abroad for long periods of time, years at times. This requires constant safety for the whole time they are there. In this scenario, long-term travel insurance plays a major role in keeping you financially covered on your journey to success. Do I Need To Buy A Travel Insurance Policy Yearly?Travel insurance policies are valid for only a year and after that, they need to be renewed. So if you are planning to stay for three years, you will need to renew your policy three times during your stay. Don’t worry! You won’t have to keep tabs because, by the end of the year, your insurance company will hit you up themselves and let you know that it is time for you to renew. And if you can’t pay on the spot, they also have a grace period for over a month to renew your policy without losing the benefits from the previous one. What Is A Grace Period In Travel Insurance Plans?The grace period is the time between the renewal of your policy and the issuance of a new policy. This allows you to extend the period to pay the premium before the previous policy expires along with your added benefits. This is to make getting insured convenient and to make sure that the client does not lose their benefits from their previous insurance policy. This also develops a bond of trust between the insurer and the insured. The grace period lasts up to a month depending on your insurance company. In conclusion, long-stay travel insurance is best used for students studying in exchange programs or going abroad for higher studies and they need renewal every year. You don’t have to be anxious about the deadline because once it is getting closer the insurance company will contact you and remind you that you will need your policy renewed. So get your online travel insurance policy now from Let's Compare at discounted rates. Safe travel!