With a third party fire and theft policy the highest amount I am aware of offered is Just cars offer up to $10,000....However having said that what you need to understand with third party fire and theft is that the ONLY time you could possibly get that is if the car has a market value over that amount already and it got stolen or burnt out.
Just because the amount says up to does not mean its not a market value you get. It simply means that is the MAXIMUM benifit. For instance if I give 2 examples; I will use Red Book market prices to illistrate.
Example 1: Ford Falcon 1994 ED GLI $1400-$3200
http://www.redbookasiapacific.com/au...p?key=FORD94AO
Best possible you would get is $3200 even if they cover up to $10,000 On fire and theft.
Example 2:2007 FERRARI 599 FIORANO
GTB Coupe 2dr Man 6sp 6.0i
Market Value : $436,000 - $463,900
http://www.redbookasiapacific.com/au...p?key=FERR07AA
Best Possible payout for fire or theft would be $10,000
For a third Party policy you are not insuring your car..just the damage it may do to other peoples property.Most companies pult the liability amount between 10-20 million, but you don't get a cent for damage to your vehicle.
As for comprehensive the formula is usally current market value of car + maybe 10 percent. Mods and accessories also depriciate every year and don't make that much difference. If a car is overinsured and there is a total loss you can pretty well expect it to be thoroghly investgated before a payout is made as it is viewed as an incetive to total loss the car for finacial gain. ( I am not saying it would not be paid, but be prepared for an investigation)