Buildings Insurance
A policy that covers the cost
of repairing a house or other
building, if it is damaged by
certain events. <back>
Comprehensive Insurance
A policy covering a number of
types of loss or damage. The
term is used mainly in motor
insurance. <back>
Contents Policy
A policy that covers the cost
of replacing possessions lost,
stolen or damaged. <back>
Indemnity
The principle by which policyholders
are put in the same financial
position after a loss as they
were immediately before it.
<back>
Motor Insurance
Covers any legal liabilities
that arise from the use of a
motor vehicle. If it is a comprehensive
policy, damage to the vehicle
is also covered. <back>
New-For-Old
A policy which replaces items
that are lost or destroyed with
a brand new one disregarding
the effects of wear and tear.
<back>
Premium
The amount the policyholder
pays for the insurance.
<back>
Sum Insured
In house insurance it is the
amount for which property is
insured, and the maximum amount
which the insurance company
will pay for any claim.
<back>
Third Party, Fire and
Theft Cover
Motor insurance that covers
liability for injuries to other
people (including passengers)
and other people's property
caused by the insured.
<back>
Third Party Cover
As above but without cover for
fire and theft. <back>
Travel Insurance
A policy covering certain risks
connected with travel, such
as unavoidable cancellation,
personal accident, medical treatment
abroad and lost or stolen luggage.
<back>
|
Hedgelands Financial Services,
Hedgelands, Abbotskerswell, Newton Abbot, TQ12 5PW
Registered in England No. 4694508. Registered Office 32 Monk Street, Abergavenny, Monmouthshire, NP7 5NW
Hedgelands Financial Services Ltd. is an appointed representative of Artavia Personal Financial Services Ltd which is authorised and regulated by the Financial Services Authority. Sitemap |
|
