The A-Z Motor Insurance Guide.

When looking into buying motor insurance it can be a bit daunting when you come across all the terminology involved. So we have compiled a guide to insurance terminology.

Click on the relevant letter that the term or word begins with and find out what it means.

E

Endorsement

A written amendment to an insurance policy that has become a legal entity within the insurance documentation.

Excess

When making a claim, the excess is what policyholder is expected to pay towards the cost of the claim. This is usually split into different excesses such as compulsory and voluntary.

Excess of Loss Policy

When claim costs exceed the amount specified in the original policy, a specialist excess policy covers these.

Exclusion

A stated situation or condition that an insurance policy does not cover.

Exposure

The extent to which an insurer is subject to losses arising from a covered risk.