![]() ![]() (See also ‘Non-fault claim’ below) Financial Conduct Authority Usually this is where you have caused the accident or damage, but it may also be where the other driver is uninsured or cannot be traced. This is a claim where the insurer is unable to recover all their costs from the other party/insurer. This document acts as temporary proof of cover for a car until your new insurance policy has been set up. Many comprehensive car insurance policies – ours included – offer a courtesy car as standard, as long as your car's repairable and being repaired at an approved garage.įor more on this take a look at our guide: Getting a courtesy car: everything you need to know. It’s determined by your insurer and is different to voluntary excess (see below). ![]() Compulsory excessĬompulsory excess is a fixed amount you have to pay when you make a claim on your car insurance policy. You’re covered for accidental damage, fire, theft or malicious damage to your own car, as well as damage you cause to other people and their property.ĭifferent tiers of comprehensive cover can include different benefits, so check what's included when you get a quote. Often referred to as ‘Fully comp’, comprehensive cover offers you the highest level of protection. It should also show who is insured to drive your car and for what purposes the car can be used. Certificate of Motor InsuranceĪn essential document which provides legal evidence of your car insurance and the period it is in force. This is when you end your insurance policy before the policy expiry date. Authorised insurerĪn authorised insurer is an insurance company given permission to provide insurance in the UK and supervised by the Financial Conduct Authority. ![]() They’ll also give you a courtesy vehicle while yours is being repaired. Our approved repairers work to Thatcham standards and wherever possible use manufacturer parts that won’t affect your warranty. An approved repairer is a garage that has been audited and inspected to make sure their work is of a high standard. If your vehicle can be repaired and the damage is covered by your insurance, your car will be fixed by a garage in your insurance company's approved repairer network. ![]() You set this when you start or renew your policy. This is the total number of miles you expect to drive in your car during the year ahead. AmendmentĪ change to your original motor insurance policy. Rather than just valuing it using a trade price, it also takes into account the amount of work that has gone into a classic. Particularly important in the field of classic car insurance, the agreed valuation is the amount your insurer agrees to pay if your car is written off. Your policy will clearly set out what you're insured for and list any exclusions that apply. Act of GodĪn event as a result of a natural cause where no driver is to blame, such as a lightning strike or extreme weather. Here's our guide to motor insurance terminology – in plain English. That's why we've put together this A to Z of car insurance jargon which we hope will help you understand your NCB from your IPT and the difference between a no claims bonus and a non-fault claim. Car insurance can sometimes be a little confusing because it often contains terms rarely used in everyday conversation. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |