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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:
(I) Third Party Fire & Theft Insurance which covers the following:
(II) Liabilities for injuries to other people, including passengers
(III)
Liability for damage to other people's property
(IV)
Liability of passengers for accidents caused by them
(V)
Liability of fire and theft
(VI)
Fully Comprehensive Insurance which covers the following:
(VII)
Liabilities for injuries to other people, including passengers
(VIII)
Liability for damage to other people's property
(IX)
Liability of passengers for accidents caused by them
(X)
Accidental damage to your own car excluding any excess
(XI)
A personal accident benefit
(XII)
Medical expenses up to a stated limit
(XIII)
Loss or damage to personal effects in the car, up to a stated limit.
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