Thursday, February 01, 2007

What is Car Insurance?

Car Insurance is mandatory in the UK. You are required by law to have got a policy to cover your liability to other route users.

The Road Traffic Act necessitates all motorists to be insured against their liability for injuries to others (including passengers) and for damage to other people's property resulting from usage of a vehicle on a route or other populace place. It is an offense to drive your car or allow others to drive it without insurance.

Owning and drive a car intends taking on many hazards 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, hooliganism and natural catastrophes are other possible risks.

Car Insurance protects motorists and drivers against liability in the event of accidents they may cause. It can also supply screen for the motorist's ain vehicle.

Car insurance is what precautions you against loss owed to traffic accidents, thefts or other reasons. Taking out car insurance is very of import as insurance is what secures you from economical loss or damages. In lawsuit you make not have got car insurance and you are involved in an accident, in malice 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 screen are available, ranging from 3rd political political political party screen which protects people against liability should they injure a 3rd party or cause damage to a 3rd party's property, but makes not supply any screen for the individual's have vehicle or property, through to comprehensive cover, which can offer protection for accidental damage, theft, fire damage as well as liability towards 3rd parties. The minimum legal demand for car insurance to drive in the United Kingdom is One-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 supply specific coverage for you in tax return for your payment of the car insurance premium.

It is critical to cognize what your car insurance policy covers. It could be a complete and comprehensive policy that screens you for all hazards that mightiness be surrounding your car. The basic demand is that in the event of an accident, you are covered for the compensation that you may have got to pay for injury to other people and their vehicle. This is an amount that could run into respective thousands which will be covered in the car insurance policy.

There are two chief types of car insurance policies available in the United Kingdom :

Third Party

Third political party insurance covers the insured when drive on private property as well as on public roads. This policy offers protection against legal liabilities as well as covering 3rd political party claims.


Comprehensive insurance screen is the most popular word form of cover, the most of import improver being accidental damage cover, where policyholders can get their ain vehicle repaired in lawsuit of damage. For people who desire to be covered against as many hazards as possible, then comprehensive policies is the solution.

You should read your car insurance policy carefully to guarantee it gives you the degree of screen you are seeking. There should be no small black and white or hard language in modern insurance policy documents. If you are uncertain about what the policy makes or makes not cover then just inquire your insurance company or insurance advisor to explain.

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