A-Z of Car Insurance

A-Z of car insurance

Accessories
The extra bits that help individualise your vehicle. These can be added when your car is initially ordered, or at any time in its life. Check your insurance quote carefully to see what level of accessory cover it includes or if any of the accessories you've added fall under the modifications, which might mean you require extra cover.

Approved repairer
Insurance companies sometimes like to work with garages on their approved roster. This is not necessarily a bad thing, as it usually means the insurance company is confident of the quality of work and resources available at that repairer.

Certificate of Motor Insurance
You need to look after this document as it proves you are covered and serves as a handy reminder of when your cover requires renewing.

Excess
Increasing the excess is a good way to get lower car insurance bills. However, in the event of a claim the amount of the excess is not covered and you will have to pay this part yourself.

Market value
In the event it needs to replace your car, your insurance company will refer to the value of your vehicle at the time of any claim by referring to industry guide prices and coming up with a market value.

Motor Proposal Confirmation
This details what cover you do and do not have. For instance, it might include details of any additional drivers who are covered and also detail exclusions, such as track day events.

Partner
You may want your partner insured to drive your vehicle. You don't have to be married, this could be your husband, wife, boyfriend or girlfriend.

Policy
All the documents you receive from your insurance company are referred to as the policy. This is the document you will have to produce if asked e.g. to tax your car.

Schedule
This document makes it clear exactly who and what is insured.

Terms
Any specific conditions are detailed in your insurance policy terms document.

Track day
Track days don't always involve high performance cars. Some classic car insurance policies might even include a few track day attendances. However, track day attendance generally requires further cover, so you'll need to notify your insurance company of any track days you plan to attend.

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