This is the date on which insurance an insurance policy begins.

Wording inserted into the standard policy document varying its terms and conditions.

The excess on a policy is the first part of any claim that the client has to pay. Also called a deductible.

Events not covered by an insurance policy. Typical exclusions include running overloading your car, or allowing drivers other than those specified in the policy to take control of the vehicle.

The are two categories of Financial Advisers: Independent Financial Advisers (IFA's) who work on behalf of a client and are able to choose from any product or service in the market, or a Tied Agent who work on behalf of a single company and only recommend their products.

For car insurance, this is a policy that covers damage to the owner's vehicle as well as to that of Third Parties (see Comprehensive Insurance).

This is a job or profession that means that a person may be more likely to have an accident.

The insurance required by taxi drivers.

The principle by which insurance policyholders are put in the same financial position after a loss as they were immediately before it.

An agreement under which individuals, businesses, and other organizations, in exchange for payment of an insurance premium, are guaranteed indemnity for losses resulting from certain events specified within the contract of the policy.

This is a Government tax charged as a percentage of insurance premiums.

The insured car as specified by its registration mark on your current certificate of motor insurance.

This is the amount of money that a client will insure their vehicle for. Also called the sum insured.

The party to the insurance contract who promises to pay losses or benefits, usually an insurance company.

These can be either Individuals, companies or websites that contain information regarding specific products or services and 'effectively, as the name suggests, introduce clients to the insurer. Introducers usually receive a commission for the the business that results from them.

This a decision made by a court of law.

A term used to describe an agreement between two insurers whereby each will meet the cost of repairing their own insured's vehicle rather than go to the cost of swapping cheques. Because insurer A will meet many claims during the course of a year from insurer B and vice versa this is a sensible saving of administration by each of them that does not affect the client's interest in any way.