CMI (Motor Dealers) Practice Questions - SCI Certificate Of Proficiency In Motor Insurance For Motor Dealers (Singapore) Exam

How does a Third-Party, Fire and Theft (TPFT) policy differ from a standard Third-Party Only (TPO) policy?

TPFT extends TPO coverage to include loss or damage to the insured vehicle caused directly by fire or theft TPFT covers accidental own-damage repair costs in addition to third-party claims TPFT eliminates the requirement to pay a policy excess on third-party property claims TPFT provides unlimited coverage for personal accident claims incurred by the driver

Correct Answer:

TPFT extends TPO coverage to include loss or damage to the insured vehicle caused directly by fire or theft

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