What is third party insurance?

What is third party insurance and what does it cover? Third party insurance is called by this name as a reference to the parties to the insurance relationship represented by the insured, the insurance company and others. Therefore, the third party is called the third party, as it is a third party to the contracting process between the insurance company and the insured. What is third party insurance and what is the difference between it and comprehensive insurance??

 And what are its advantages? 

We will know all this and more in this article. The insured’s accidents extend to third parties, so third party insurance in Saudi Arabia is called “third party insurance”, and the essential difference between it and the most famous type of insurance “comprehensive car insurance” is that third party insurance only covers the cost of repairing the third party car (third party). As for the comprehensive insurance, it covers the cost of repairing the insured’s car and the car of others. Third-party insurance is also called “compulsory insurance” referring to its obligation in Saudi Arabia for every motorist. When comparing car insurance prices, for example (comprehensive car insurance prices and third party car insurance rates), we find that comprehensive insurance prices are higher than third party motor insurance prices, since the scope of comprehensive insurance is wider than the scope and coverage of third party insurance. For example, comprehensive insurance is based on covering damages to your car, damages resulting from natural disasters, injuries, and damages to third-party vehicles and their injuries, while third-party insurance is limited to a narrower scope, as mentioned above, such as covering only third-party damages and injuries, hence the insurance company. 

It is obligated to compensate third parties in cash within the limits of the terms and conditions contained in the policy for all amounts that the insured or the driver is required to pay for: damages to third parties inside and outside the vehicle and material damages outside the vehicle. The advantages of comprehensive insurance are as follows: It is considered an optional insurance. This insurance depends on the type, value and year of manufacture of the vehicle.

- Comprehensive insurance may cover accidents that occur outside the Kingdom if the vehicle owner pays additional amounts for insurance. The advantages of third party insurance: It is compulsory insurance for all vehicles within the Kingdom of Saudi Arabia.

 - This policy is always economical and its value is cheaper than the value of a comprehensive insurance policy.

 - The value of the car is not taken into account in this document, but rather its type. Therefore, most tend to choose third-party insurance because it covers third-party damages, has economic value, and meets the needs of the vehicle driver. Insurance companies provide insurance services to the beneficiary according to the controls of the concerned authorities and in coordination with them. Examples of insurance companies in Saudi Arabia are (Malath Insurance Company, Al Rajhi Takaful Insurance Company, Al Jazeera Takaful, Cooperative Insurance, Global Insurance, Arabian Shield Insurance, Salama Insurance, ACIG Insurance The United Cooperative Insurance Company,) The insurance companies in Saudi Arabia provide the best possible service and compete with each other to provide the best possible offer to the customer.

 To insure the car, you must go to the Gonsure website, enter the driver and vehicle information, then choose the type of insurance, whether it is comprehensive or against third parties.

 Finally, to insure your car electronically through the Gonsure website, you must do the following: Determine the type of vehicle document (form/customs card). Write down the serial number attached to the driving license. 

- If the vehicle is in your name, you should only mention the purpose of using the vehicle, and if the vehicle is not in your name and you wish to transfer its ownership, then mention the year of manufacture. 

- The last step, the Gonsure website will transfer you to the price comparison page to choose the appropriate insurance and complete the insurance process online without the need to visit any branches.