TPFT Motor Insurance in Ghana — Third Party Fire & Theft

TPFT stands for Third Party, Fire and Theft. It is a mid-level motor insurance product that covers your vehicle against fire and theft, plus your liability to third parties — but does not cover accidental damage to your own vehicle.

What does TPFT cover?

A TPFT motor policy in Ghana covers:

Fire damage — if your vehicle is damaged or destroyed by fire

Theft — if your vehicle is stolen (own vehicle only)

Third-party bodily injury — injuries to other people caused by your vehicle

Third-party property damage — damage to other vehicles or property

ECOWAS cover — third-party liability across ECOWAS member states

Personal accident benefit — fixed payout for death or permanent disability of the driver

It does not cover:

Accidental damage to your own vehicle from collision, flood, or vandalism

Mechanical breakdown or wear and tear

How is the TPFT premium calculated?

TPFT premiums are calculated on the sum insured (vehicle value) using a lower rate than comprehensive cover.

Indicative TPFT rates for private vehicles:

X.1 (Private Individual): 1.0% of sum insured per year

X.4 (Private Corporate): 1.5% of sum insured per year

Commercial vehicles: 1.5–2.0% depending on type

Plus the fixed NIC statutory contribution of GHS 79 per vehicle.

NCD and fleet discounts can also apply to the TPFT own-damage component.

When does TPFT make sense?

TPFT is typically chosen for:

Older vehicles where the risk of accidental damage does not justify the full comprehensive premium

Vehicles stored in secure locations where fire and theft are the main risks

Budget-conscious clients who need more than basic third-party cover but cannot afford comprehensive

Rule of thumb: If the annual comprehensive premium exceeds 15–20% of the vehicle's current market value, TPFT or third-party-only cover may be more economical.

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Frequently asked questions

What is the difference between TPFT and comprehensive in Ghana?

Comprehensive covers accidental damage to your own vehicle on top of fire, theft, and third-party liability. TPFT covers fire, theft, and third-party only — accidental damage to your own vehicle is not covered.

Does TPFT cover flooding in Ghana?

TPFT does not typically cover flood damage to your own vehicle. Flood damage to your own vehicle is covered under comprehensive motor insurance.

Can I upgrade from TPFT to comprehensive mid-term?

Yes, you can upgrade from TPFT to comprehensive mid-term. The broker will calculate a pro-rata additional premium for the remaining period of the policy.