Explain types of insurance

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Rick has recently saved enough money to purchase a 2010 hatchback for $4500 and he would like to minimize the cost of his car insurance. Rick is considering between full comprehensive car insurance, compulsory third-party insurance and third-party property cover only. Advise rick how these three types of insurance differ. Which car insurance cover would you recommend for him and why?

Reference no: EM133253935

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