This is the term employed to describe a situation whereby a person has taken out an insurance policy over and above the level of cover that they actually need and will therefore be paying a higher premium level than actually required. An example of this could be if you over value the worth of you car.

This means garages (detached or integral) sheds, greenhouses and other outbuildings which are situated within the boundaries of the land belonging to the home.

The legal owner of a vehicle. This does not necessarily mean the person who runs, maintains or actually uses it.

Insurance policies that are designed for individuals rather than businesses or organisations.

Insurance for personal items such as money, jewellery and luggage.

This is the document that gives details of the insurance that the client has purchased.

This document contains a full list of the terms, conditions and exceptions of your insurance policy.

These are events or instances which are not covered by your insurance policy.

A document that details the sum insured, any discounts you may qualify for and the actual premiums you have to pay for your policy.

The period of time for which an insurance policy provides cover.

Person to whom the insurer issues a policy.

The actual amount of money paid in respect of an insurance policy.

The document that a client may complete to request insurance cover.

A client may pay an additional premium to his insurer so that his No Claim Bonus (NCB) is not stepped back in the event of a "fault" claim. This benefit is variable but only applies to the existing insurer, and is usually available only when maximum NCB has been accrued.

This covers legal liability for injury or damage caused to others. Normally part of car insurance.