 |
|
Article
| What is Car Insurance? |
| By: John Mussi |
Car insurance is compulsory in the UK. You are required by law to have a policy to cover your liability to other road users.
The Road Traffic Act requires all motorists to be insured against their liability for injuries to others (including passengers) and for damage to other people's property resulting from use of a vehicle on a road or other public place. It is an offence to drive your car or allow others to drive it without insurance.
Owning and driving a car means taking on many risks to yourself and others. When a traffic accident happens, damage, injuries, loss or all of these factors may be inflicted upon you and others. Damage and loss of your property may also occur. Fire, theft, vandalism and natural disasters are other possible risks.
Car Insurance protects motorists and drivers against liability in the event of accidents they may cause. It can also provide cover for the motorist's own vehicle.
Car insurance is what safeguards you against loss due to traffic accidents, thefts or other reasons. Taking out car insurance is very important as insurance is what secures you from economic loss or damages. In case you do not have car insurance and you are involved in an accident, in spite of who is at fault, you will be paying the compensation concerned with damages. Car insurance is designed to protect yourself and others against these risks.
Many different types of cover are available, ranging from third party cover which protects individuals against liability should they injure a third party or cause damage to a third party's property, but does not provide any cover for the individual's own vehicle or property, through to comprehensive cover, which can offer protection for accidental damage, theft, fire damage as well as liability towards third parties. The minimum legal requirement for car insurance to drive in the UK is Third Party Only,
Car insurance is a contract between you and the insurer, specifying each party's rights and obligations. Essentially the car insurance company promises to provide specific coverage for you in return for your payment of the car insurance premium.
It is vital to know what your car insurance policy covers. It could be a complete and comprehensive policy that covers you for all risks that might be surrounding your car. The basic requirement is that in the event of an accident, you are covered for the compensation that you may have to pay for injury to other people and their vehicle. This is an amount that could run into several thousands which will be covered in the car insurance policy.
There are two main types of car insurance policies available in the UK :
Third Party
Third party insurance covers the insured when driving on private property as well as on public roads. This policy offers protection against legal liabilities as well as covering third party claims.
Comprehensive
Comprehensive insurance cover is the most popular form of cover, the most important addition being accidental damage cover, where policyholders can get their own vehicle repaired in case of damage. For people who want to be covered against as many risks as possible, then comprehensive policies is the solution.
You should read your car insurance policy carefully to ensure it gives you the level of cover you are seeking. There should be no small print or difficult language in modern insurance policy documents. If you are unsure about what the policy does or does not cover then just ask your insurer or insurance adviser to explain.
You may freely reprint this article provided the author's biography remains intact:
About the Author
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.
|
|
| Keywords: car, car insurance, third party, yourself and others, insurance, insurance policy, car insurance policy, 'car insurance', cover, insurance is what |
|
|
|
|
|
Helpful Links
GMAC Auto Insurance - Great rates on RV, Home and Car insurance quotes.
If you would like to get a quick auto insurance quote you're in the right place. But we offer much more than car insurance. Thousands of satisfied customers depend on us for homeowners and RV insurance too. ... Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina ...
New Jersey Car Insurance - Find New Jersey Car Insurance
New Jersey Car Insurance - Find Car Insurance in New Jersey using WiseAuto.com
Auto Insurance Application, Car Insurance Quotes New Jersey
personal auto insurance application and quotes for New Jersey residents in Morris, Sussex, Hunterdon and Warren Counties in Northern NJ ... Personal Auto Insurance Application. By completing the application you are not obligated to purchase insurance with us ... 3. Any car kept at school? ...
Insure.com Car Insurance - Official site. Compare auto insurance quotes, 200 companies, instant term life insurance ...
Instant online insurance quotes, 200 companies, auto insurance, car insurance, term life insurance, life insurance, health insurance, home insurance, dental insurance, long-term care insurance, renter's insurance, fixed annuities. ... Deciding whether you need rental car insurance when you are about to sign the rental agreement is a bad idea ... New Jersey. New Mexico. New York ...
NJM Insurance Group
New Jersey Manufacturers Insurance Company (NJM), based in West Trenton, is a personal and commercial lines property-casualty insurer operating in New Jersey and eastern Pennsylvania.
NJ Automobile Insurance Information
Shopping for Auto Insurance in New Jersey. Auto Insurance Price Comparison. Survey Examples - Select the one that is most similar to your situation. NOTE: You may also have an auto insurance price comparison mailed to you. ... of Rights * Insurance Scoring in New Jersey * Approved Insurance Scenarios ... Safety Driving Courses. New Jersey Auto Rating Territory Codes ...
New Jersey Insurance
Central New Jersey Insurance
Online Car Insurance
Comparison shop for car insurance easily and effectively on the web. You are in control!
|
|
|
