Motor insurance jargon buster
Sadly, like any financial product, car insurance can be a minefield of difficult terminology and confusing jargon.
moneysupermarket.com wants to help you find the right car insurance deal for you and so we`ve compiled a guide to help bust through the jargon.
ABI group – Your car will be given a specific ranking based on the level of risk involved with each car type and model.Approved repairer – Repairers recommended by your insurers.DOC cover – Otherwise known as Driving Other Cars.Fault/no-fault claim – A no-fault claim is when the insurer can recover the costs from someone else. A fault claim is if they cannot recover the costs regardless of whether the accident was your fault.Indemnity - Insurance policyholders are put in the same financial position after a loss as they were immediately before it.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment