Honda Motor Vehicle Insurance Australia

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Honda Motor Vehicle Insurance Australia - There will be four kinds of motor vehicle insurance : Compulsory Third Party (CTP) Insurance ; Comprehensive Insurance ; Fire and Theft Only ; and Third Party Property Only. Consumers should shop around and be sure they purchase cover appropriate on their situation.

CTP is mandatory altogether States and Territories and provides compensation for bodily injuries caused by vehicles. It doesn't provide cover for virtually any injury to the vehicle and hence other kinds of motor vehicle insurance should be also purchased.

Comprehensive Insurance can cover injury to vehicles, theft of vehicles, collision, malicious damage and weather damage. According to the policy, it could cover damage caused with other vehicles.

Honda Motor Vehicle Insurance Australia

Fire and Theft Only is really a limited type of insurance which covers for fire injury to, and theft of, vehicles. It doesn't cover collision injury to vehicles.Insurance Australia

Third Party Property Only provides cover for vehicles damaged from the policyholder's vehicle. It doesn't provide cover to the policyholder's own vehicle. This product is normally only taken out by consumers with a coffee value vehicle, protecting themselves against damage with other motorists.

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