Getting third-party property damage insurance is definitely worth it if you drive an older vehicle of low financial value but want to protect yourself from facing devastating out-of-pocket bills if you accidentally crash into an expensive luxury car, home, or public infrastructure. Since mandatory CTP insurance only covers human injuries and provides zero protection for property damage, causing a minor collision with a high-end vehicle could otherwise result in tens of thousands of dollars in personal debt. Third-party insurance bridges this gap affordably, giving motorists peace of mind without requiring them to pay the high premiums associated with full comprehensive coverage.
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