third party, fire and theft

noun [U] UK

Definition

› INSURANCE car insurance that will pay money to a person who suffers loss or damage caused by the insured person in an accident, and that also pays money if the insured person's car is stolen or damaged in a fire: third party, fire and theft cover/insurance If you are only covered for third party, fire and theft, you cannot claim for storm damage to your car. → Compare comprehensive insurance

(Definition of third party, fire and theft noun from the Cambridge Business English Dictionary © Cambridge University Press)

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