The main difference is whether the policy protects your own vehicle against accidental damage.

What does Comprehensive Insurance cover? #

Subject to the policy, Comprehensive Insurance can cover:

• Damage to your own car.
• Theft.
• Fire.
• Weather damage.
• Damage caused to other people’s vehicles or property.

What does Third Party Property Damage cover? #

Third Party Property Damage Insurance primarily covers certain legal liability for damage caused to:

• Another person’s vehicle.
• Another person’s property.

It generally does not cover accidental damage to your own vehicle.

Some policies provide limited benefits where an uninsured driver damages your vehicle and specified conditions are met.

Is Third Party Property Damage the same as CTP? #

No.

The names can cause confusion.

Compulsory Third Party Insurance relates primarily to bodily injury to people.

Third Party Property Damage Insurance relates to damage to other people’s vehicles or property.

Why might someone choose Comprehensive Insurance? #

Factors can include:

• Vehicle value.
• Ability to fund repairs or replacement.
• Finance requirements.
• Exposure to theft or weather damage.
• Preference for broader protection.

Can lenders require Comprehensive Insurance? #

A finance agreement can require the borrower to maintain Comprehensive Insurance over the financed vehicle.

The finance contract should be checked.