Can you tell me what's theft insurance and 3rd party insurance?

Question

can you tell me what's theft insurance and 3rd party insurance

Answer 1

Theft insurance, cover things from theft. Like if someone steals your car, or stereo, etc.

Third Party Property damage protects you against claims for damage that your car causes to another person’s vehicle or property. Like if you hit a someone in a Ferrari. You're gonna want thrid party insurance.

You may not think your car is worth insuring, but what about the damage it could cause to others? Even just a “little bump” given to another car can cost thousands of dollars to repair. It happens to the most careful and safe drivers.