A document which verifies the existence of an insurance policy. This document will include a summary of the policy details but is not a substitute for the actual insurance policy.

Offers all the benefits of third party fire and theft car insurance in addition to covering damage to the insured individual’s vehicle in the event of an accident.

A temporary document which proves the existence of an insurance policy in the event that the actual insurance policy is not yet available.

A claim where the insured is assumed to be responsible for the accident or the insurance company cannot recover the costs from the individual responsible.

Protection or security against a loss which means the insurance company will compensate the insured for any loss experienced, subject to the terms of the insurance policy.

A contract in which the insured is guaranteed reimbursement from the insurer for any loss suffered, subject to the terms of the insurance policy. 

A contract between the insured and the insurer which details the terms and conditions of the insurance agreement.

The individual who is covered by insurance in exchange for the payment of a premium.

A company that contracts to compensate an individual in the event of a loss in exchange for the payment of a premium.

The insured individual who principally uses the car, usually the registered owner.