Glossary
a | b | c | d | e | f | g | h | i | j | k | l | m | n | o | p | q | r | s | t | u | v | w | xyz
Personal lines - Insurance policies designed for individuals.
Personal possessions cover - Insurance cover for personal items.
Policy - The physical document giving details of the insurance that has been purchased.
Policy schedule - A document that details the sum insured, any discounts you may qualify for and the actual premiums you have to pay for your policy.
Policy term - The period of time for which an insurance policy provides cover.
Policyholder - Person to whom the insurer issues a policy.
Premium - The money paid for an insurance policy.
Protected No Claims Bonus - A client may pay an additional premium to his insurer so that his NCB is not stepped back in the event of a "fault" claim. This benefit is variable but only applies to the existing insurer, and is usually available only when maximum NCB has been accrued.
Public liability policy - This is a policy that covers legal liability for injury or damage caused to others. This can be part of a car insurance policy.
