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- 704 S State Rd 135 Suite D #421, Greenwood, 46143, IN
- (317) 534-6800
- Premiums. When you purchase an insurance policy, you'll be required to make regular payments, known as premiums. These payments are typically made monthly or annually and are the cost of maintaining your insurance coverage.
- Deductible. Think of a deductible as the money you have to shell out from your own pocket before your insurance kicks in to help cover your expenses. It's like the upfront cost you need to cover before your insurance really starts working for you.For example, if you have a $500 deductible and make a claim for $1,000, you'll need to pay $500, and your insurer will cover the remaining $500.
- Policyholder. The policyholder is the person who owns an insurance policy. This individual is responsible for paying premiums and making claims under the policy.
- Coverage Limit. Every insurance policy has a coverage limit, which is the maximum amount your insurer will pay out for a covered claim. It's crucial to understand your policy's limits to ensure you have adequate coverage.
- Act of God
- Agreed valuation
- Amendment
- Annual Mileage
- Approved Repairer
- Authorised Insurer
- Certificate of Motor Insurance
- Comprehensive
- Compulsory Excess
- Courtesy Car
An event as a result of a natural cause where no driver is to blame, such as a lightning strike or extreme weather. Your policy will clearly set out what you're insured for and list any exclusions that apply.
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. Rather than just valuing it using a trade price, it also takes into account the amount of work that has gone into a classic.
A change to your original motor insurance policy. Examples of amendments include: 1. Changing your name on the policy 2. Adding another driver 3. Changing your annual mileage figure
This is the total number of miles you expect to drive in your car during the year ahead. You set this when you start or renew your policy.
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. An approved repairer is a garage that has been audited and inspected to make sure their work is of a high standard. Our approved repairers work to Thatcham standards and wherever poss...
An authorised insurer is an insurance company given permission to provide insurance in the UK and supervised by the Financial Conduct Authority.
An essential document which provides legal evidence of your car insurance and the period it is in force. It should also show who is insured to drive your car and for what purposes the car can be used.
Often referred to as ‘Fully comp’, comprehensive cover offers you the highest level of protection. 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. Different tiers of comprehensive cover can include different benefits, so check what's included when...
Compulsory excess is a fixed amount you have to pay when you make a claim on your car insurance policy. It’s determined by your insurer and is different to voluntary excess (see below).
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. For more on this take a look at our guide: Getting a courtesy car: everything you need to know.
Car insurance assessors use various categories of car insurance write-off to rank the seriousness of accident damage. Up to October 2017, the four categories used included Cat A, Cat B, Cat C and Cat D, whereby the level of damage would decrease in severity by category, starting from A. After review, the ABI has updated the salvage code, in ...
Contact Us. 0370 1500 100. Welcome to the Motor Policy Legal Claims Guide. This is designed to assist new and existing clients in understanding the process of what to do following an accident, and what is involved in the claims process with insurers and solicitors.
This is the minimum level of insurance required by law and includes liability for injuries to other people, damage to other people's property, and accidents caused by passengers or a driver named on your policy. It doesn't cover damage to your own vehicle, or injuries to yourself. Third party, fire and theft insurance.
A type of car insurance that lets almost anyone drive the vehicle, or vehicles, covered by the policy – with the owner’s permission. It’s usually expensive. Approved repairer. A repairer that is part of network of garages contracted and approved by your insurer to carry out car repairs following a claim.
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Feb 10, 2023 · Mileage. The term ‘mileage’ is the second most confusing car insurance term to drivers, with its definition being searched 34,430 times on average each month. ‘Mileage’ is searched over a quarter (79%) more times than ‘market value’, in third place, with 7,210 average monthly searches. Moninska explained: “Mileage refers to the ...
