What does third party car insurance cover?

If you’re shopping around for car insurance, you might have considered getting third party damage cover (also known as third party car insurance). As an optional type of car insurance, it might help protect you from financial liability if you’re involved in a car accident.

What is third party cover insurance?

Woolworths Third Party Property Damage Insurance helps cover the cost of damage to another person’s vehicle or property if you’re involved in an accident.

Is compulsory third party insurance the same as third party property damage?

No, you must have separate compulsory third party insurance (CTP). This type of insurance is sometimes called a ‘greenslip.’

Compulsory third party insurance is mandatory personal injury insurance^* that every car owner must have in Australia. CTP protects the other person if you are involved in a car or motor vehicle accident by covering their medical bills, lost earnings, or (in a serious case) ongoing care.

Third party car insurance only covers you for the cost of damage to other people’s cars and property if you’re involved in an accident.

If you want cover for both parties in the event of a car accident, you might want to consider taking out another type of car insurance.

While there may be more benefits to taking out Woolworths Comprehensive Car Insurance or Woolworths Third Party Fire & Theft Car Insurance, you could be in a situation where your car is older or doesn’t hold as higher value as it once did. In these cases, third party car insurance may be enough.