Third Party OR First Party Tata ACE Insurance | How to choose

Got a tata ace for your goods carrying business? Yes. Then You might have come to face this question from your insurance agent pretty much very often that if you want third party coverage only policy for your tata ace pickup or you want to buy full insurance or first party plan? To decide from these 2 plans is very easy. You should always go for comprehensive first party or full insurance for your vehicle up to 15 years of its age and after that by default only third party insurance can be purchased in India. The reason we preferred comprehensive tata ace insurance over third party is that third party policies does not secure your vehicle from own damages in case of any accident & it also does not cover your vehicle if it gets stolen. The other reason is there is not much difference in premiums of third party tata ace insurance or first party tata ace insurance. So its not very wise to have limited coverage of third parties and not covering your own vehicle for saving a very few bucks. Afterall you want to stay assured about your own financial losses when you pay those hefty premiums for commercial vehicle insurance in India