Insurance for Motorists
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Insurance for Motorists.
If you are a driver or owner of a car, motorbike, lorry or any other type of motor vehicle, you must be insured by law. The world of motor insurance is a complex one. There are literally hundreds of different policies to choose from, and it's not always easy to know how to go about finding the right one for you - and at a cost that won't break the bank!
Here we aim to explain some of the ins and outs of motor insurance, and the advantages of obtaining impartial and expert advice. Also, what you should do if you're involved in an accident. Third Party, Fire And Theft .The minimum insurance cover you can buy is called 'third party only'. This covers you if you injure someone else or damage their property. However, very few companies will sell you this cover on its own. The next step up includes 'fire and theft', and this provides protection against loss and damage if your vehicle is burnt or stolen. However it will not protect you against damage to your vehicle if you're involved in an accident, or if it is vandalised. Comprehensive Insurance Comprehensive insurance covers damage to your vehicle from a wide range of causes, including accidents and fire and theft. Other benefits sometimes include limited cover for items stolen from your vehicle, medical expenses and personal accident protection. The word 'comprehensive' can be misleading however, as these policies always include limitations and exclusions.
Uninsured Loss Recovery (ULR) This provides the policyholder with cover for legal expense costs to pay for a solicitor to pursue a guilty third party in order to recover your uninsured losses - policy excess, hire car charge, any other out of pocket expenses caused by the third party negligence - as well as costs to pursue a personal injury claim. ULR often provides cover for free 24 hr legal advice of a personal nature. It is especially useful for Third Party Fire & Theft policyholders and will attempt to recover not only the losses mentioned above, but also their vehicle damage costs (from a negligent third party.)
Insurance Frequently Asked Questions
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