Q: Should one opt for third party or fully comprehensive insurance cover if third party is more expensive as is the case in many situations?
الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب
A: You should opt for the cheapest quote irrespective of the level of cover as the purpose is to fulfill a legal requirement as opposed to the benefits offered by the different levels of cover. If this works out to be fully comprehensive cover then so be it. However, in the event of a claim you may only receive back what you have paid to the insurer in premiums.
Mufti Zubair Butt
Al Qalam Shari’ah Panel Chair