TPFT
Business & Finance abbreviation · Insurance
| Stands for | Third party, fire and theft |
|---|---|
| Categories | Business & Finance |
TPFT stands for Third party, fire and theft, an insurance abbreviation.
Middle level of UK motor insurance, covering liability for injury and damage to others plus loss or damage to the policyholder's own car from fire or theft, but not accidental damage to it.
Example: TPFT seemed cheaper, but the comprehensive quote was actually lower.
Usage notes
The legal minimum under the Road Traffic Act 1988 is third party only (TPO). Comprehensive policies are often cheaper than TPFT for many drivers, because insurers price lower cover levels for higher-risk groups.
Related abbreviations
More insurance abbreviations
- SIR – Self-insured retention
- SLI – Supplemental liability insurance
- SPIA – Single premium immediate annuity
- SR-22 – SR-22 certificate of financial responsibility
- STD – Short-term disability insurance
- TPA – Third-party administrator
- UBI – Usage-based insurance
- UIM – Underinsured motorist coverage
- UL – Universal life insurance
- UM – Uninsured motorist coverage
- UW – Underwriting
- VUL – Variable universal life