Third-Party vs. Own Damage — The 13th-Month Risk
New car owners often believe they have a “3-Year Policy” and forget about it, only to realize in the 13th month that their car is only half-insured. While the law mandates 3 years of “Liability” cover, your protection against theft and accidents often expires in just one year.
- The “Bundled” Trap: Understanding the difference between the 3-year mandatory “TP” and the 1-year optional “OD” cover.
- The Year 2 Freedom: How to “unbundle” and save 25-40% on premiums by shopping around for your Own Damage renewal.
- The 90-Day Lapse: Why letting your OD cover expire for more than 3 months can reset your “No Claim Bonus” to zero.
Watch this video to master the “1+3” deal and ensure you are never driving a financially unprotected car.