Search results
Certificate of motor insurance
- Certificate of motor insurance This is the legal proof that a driver is insured. It shows which car is covered, what period the insurance covers, who’s allowed to drive the car and what it can be used for – for example, whether that’s business or pleasure.
www.comparethemarket.com/car-insurance/glossary/
People also ask
What is a car insurance policy?
What is a certificate of motor insurance?
What is the Motor Insurance Database (MID)?
What is multi-car insurance?
What does mid stand for in car insurance?
What does rescission mean in insurance?
- 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.
Jul 18, 2024 · Policy term – how long your insurance policy is valid for. Almost all policies have a 12-month term. Policyholder – the person who takes out the insurance policy. Premium – how much you’ll pay for your car insurance. A quick car insurance comparison will show if you’re overpaying.
Jun 1, 2018 · Policy documents in plain English. An A to Z of car insurance jargon. Insurers have to use very precise language in their policies to make sure they stand up to legal scrutiny. But as many of these terms are unfamiliar, they can end up meaning next to nothing to the average reader.
Get to grips with car insurance terms with our handy round-up of the main insurance jargon you'll come across.
- Writer
Mar 12, 2020 · That's why we've put together this A to Z of car insurance jargon which we hope will help you understand your NCB from your IPT and the difference between a no claims bonus and a non-fault claim. Here's our guide to motor insurance terminology – in plain English.
Dec 22, 2022 · Car insurance policy. Your car insurance documents detailing the terms and conditions of your contract. There are three types of car insurance policy: Third party; Third party, fire and theft; Comprehensive. Certificate of motor insurance. This is the legal proof that a driver is insured.
Our useful guide to insurance terminology. Buying car insurance should be clear and straightforward. But sometimes it's easy to confuse IPT with TPFT, or the FCA with the ABI. So here's our guide to help you with the jargon.
