|
lifesure.co.uk
|
0 earned Badges No badges were found
Definitions (25)
1 |
0
0
Accidental damage
This is a type of insurance cover that is designed to protect the policyholder’s possessions against damage caused by an unforeseeable circumstance, but not theft. The policyholder may be subject to a [..]
Meaning awaits approval from a moderator |
2 |
0
0
Agreed value
The ‘agreed value’ is the sum reimbursed to you in the event of a total loss (if your vehicle is stolen or written off). The underwriters will have agreed this value at the time your insurance cover c [..]
Meaning awaits approval from a moderator |
3 |
0
0
Association of British Insurers
The Association of British Insurers (ABI) is the trade body for all insurance companies in the United Kingdom.
Meaning awaits approval from a moderator |
4 |
0
0
Breakdown Cover
A policy that protects the policyholder in the event of breaking down whilst travelling in the insured vehicle, usually providing you with roadside assistance and repair services.
Meaning awaits approval from a moderator |
5 |
0
0
Chartered Insurance Institute
Chartered Insurance Institute (CII) refers to the governing body for the insurance industry.
Meaning awaits approval from a moderator |
6 |
0
0
claim
An incident that would give rise to a request by the policyholder for a payout or indemnity under a policy.
Meaning awaits approval from a moderator |
7 |
0
0
Comprehensive Cover
Fully comprehensive car insurance covers almost every potential claim.
Meaning awaits approval from a moderator |
8 |
0
0
Compulsory excess
If your car is lost, damaged or stolen, you will be required to bear an amount of the claim’s settlement.
Meaning awaits approval from a moderator |
9 |
0
0
Cooling off period
This refers to the time in which you as the policyholder have to cancel your policy without incurring anything but an administration charge.
Meaning awaits approval from a moderator |
10 |
0
0
Excess
This is the term given for the sum you will be required to bear of any claim settlement.
Meaning awaits approval from a moderator |
To view all 25 definitions, please sign in.