Third Party Only (TPO)
The first thing to note about TPO insurance is that it is legally required. The penalties for not being insured range from £300 and 6 points on your license to being disqualified from driving and an unlimited fine. As the policy covers you against third party damage, from small scrapes to write offs, as well as personal injury, it is the single most important policy to take out.
Third Party, Fire & Theft (TPFT)
This is one step above TPO, with added coverage for any theft of your vehicle/s or damage from fire. They may also include other damage, including vandalism, but this will depend on the specific policy offered and should be fully understood before signing any contract.