What Is Car Insurance?
By 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
Progressive Review: Getting screwed
Reviewed by rarack22 from Southern Ohio on January 18, 2012. Recommend: No.
Progressive Review: Just a big LIE
Reviewed by Debbie from Orlando, Fl on January 2, 2012. Recommend: No.
AAA Review: AAA Sucks
Reviewed by JIMMARMI from Davison, Mi on December 29, 2011. Recommend: No.
Progressive Review: The worst...
Reviewed by G from WA on December 23, 2011. Recommend: No.
Progressive Review: rip off and fraud if you have progressive
Reviewed by LINDA from COLORADO on December 16, 2011. Recommend: No.
Westfield Insurance Review: No loyalty to a 22 year policy holder
Reviewed by BRUCE from NORRISTOWN PA on December 13, 2011. Recommend: No.
Progressive Review: Cancellation fee - almost no service
Reviewed by Olgie from CA LA on November 5, 2011. Recommend: No.
Progressive Review: Stay away -- they are PROGRESSIVE
Reviewed by Stranger from Miami on October 24, 2011. Recommend: No.
Westfield Insurance Review: Sarcastic Adjuster
Reviewed by JC from Medina, Ohio on October 12, 2011. Recommend: No.
USAA Review: USAA Slow Misrepresentative
Reviewed by skyewalker99 from Daytona Beach Florida on October 4, 2011. Recommend: No.
Allstate Review: AllState Refused Responsibility
Reviewed by Patricia Grubb from Fort Worth, TX on October 4, 2011. Recommend: No.
ACUITY Review: Acuity Ok
Reviewed by TE from Wisconsin on September 28, 2011. Recommend: Yes.
State Farm Review: with this co. about fifty years
Reviewed by arniet from miami, florida on September 12, 2011. Recommend: Yes.
Selective Insurance Review: Worst Claim Service EVER
Reviewed by Becky from Michigan on August 11, 2011. Recommend: No.
GEICO Review: scammers that dont pay claims
Reviewed by solar pro from chester county on August 6, 2011. Recommend: No.
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 http://www.directonlineloans.co.uk website.
|
