Here is a useful guide to car insurance. Buying car or motor
insurance is important as it is legally enforced in the UK . You
are required by law to have a policy to cover your liability to
other road users.
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.
If you are the cause of an accident the car insurance company
will pay your liability to other people involved in the
accident.
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.
Many different types of car insurance
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 basic legal
requirement is Third Party Fire and Theft but this will not
cover you for most things that can happen to your car.
The two main types of car insurance available in the UK are:
Third Party Fire & Theft Insurance which covers the following:
Liabilities for injuries to other people, including passengers
Liability for damage to other people's property
Liability of passengers for accidents caused by them
Liability of fire and theft
Fully Comprehensive
Insurance which covers the following:
Liabilities for
injuries to other people, including passengers
Liability
for damage to other people's property
Liability of
passengers for accidents caused by them
Accidental
damage to your own car excluding any excess
A personal
accident benefit
Medical expenses up to a stated limit
Loss or damage to personal effects in the car, up to a stated
limit
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.
