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.

I

Indemnity

An insurance principle that indemnifies or covers a policyholder in such a way that given a loss on their insurance they will be returned to the same financial position under the policy.

Insurance

A financial service that offers financial compensation for something that has a risk of occurring e.g. having a car crash

Insurance Company

This is a company that takes the risk of covering certain risks in return for the payment of a premium.

Insurance Premium Tax

A government tax that is imposed on most non-life insurance premiums.

Insured

This relates to the individual that is covered through a particular insurance policy.

Intermediary

An organisation or individual who offers advice and can arrange insurance policies for their clients.