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Definitions (31)
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adjuster
A person who investigates and settles insurance claims.
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Agent
A person who sells insurance policies on behalf of insurance company for an extra fee on top of your insurance policy.
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Authorised driver
The people listed on the policy as being drivers of the insured vehicle.
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Bodily injury
Physical injury to a person.
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CANCELLATION
Termination of an insurance policy by the company or insured before the renewal date.ุ
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Claimant
A person making the car insurance claim.
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Collision coverage
Pays for damage to your car without regard to who caused an accident. The company must pay for the repair or up to the actual cash value of your vehicle, minus your deductible.
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Comprehensive coverage
The most cover you can buy to protect your car. In addition to vehicle related accidents you’re also covered from vandalism, flood, fire, and theft.
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CONTRACT
In most cases, the term "contract" refers to an insurance policy. A policy is considered to be a contract between the insurance company and the policyholder.
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DEDUCTIBLE
The amount the person who took out the policy must pay towards the claim before payment starts from the company. The higher the deductible you’re willing to pay the lower your premium.
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