What is Insurance with Example ? What does Insurance mean ? Having won the Australia Bowling Competition, Ali was now $15,000 richer, so ...

What is Insurance with Example ?

What is Insurance with Example ? What does Insurance mean ?

Having won the Australia Bowling Competition,
Ali was now $15,000 richer, so he bought himself a car.

The car dealer said Ali would be crazy not to have car insurance.
So he went to find out what insurance is all about.
John from the insurance company let Ali know


What is Insurance with Example ?


There are two Types of Insurance

1. Third party Insurance

2. Full Insurance

1. Third party insurance 

Third party insurance offers you financial protection
in case you cause damage to someone else's vehicle or property, but your car is not covered.
It's pretty affordable, and it's the minimum Hayley recommended.

2. Full insurance

Full insurance is the full package.
It covers you for damage to your own vehicle, plus what you do to others, as well as the stuff that third-party insurance covers you for.

It's more expensive, but it provides you with a lot more protection.

What type of insurance should Ali get?

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