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Motor insurance |
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Motor insuranceThe insurance of motor vehicles covering damage or loss and liabilities for injuries to other people and damage to property.Drivers in the UK have to insure against third party claims. Under this type of insurance, if it is proven that the insured is the cause of an accident, the insurance company will only pay for injury or repairs for damage to the property of the third party.A variant of this is third party fire and theft insurance which is basically third party insurance plus additional cover if the insured's vehicle is damaged by fire or if stolen.For a higher premium, comprehensive insurance gives additional cover to the insured including damage to his/her vehicle, personal effects and overseas travel etc.Similar MatchesAccident, Sickness and Unemployment insuranceAccident, Sickness and Unemployment insuranceIncome protection incorporating cover for loss of earnings arising from accident, sickness or unemployment. Usually paid out in the form of a monthly tax-free income to cover a portion of lost earnings and restricted to two years from the date of the first payment. Mortgage payment protection insurance (MPPI)Mortgage payment protection insurance (MPPI)An MPPI policy pays your mortgage for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. It should provide enough income to cover all your monthly mortgage expenses. If you have a repayment mortgage, this should be your capital and interest repayment and if you have an interest-only mortgage, the MPPI should cover your interest payment as well as your normal monthly contribution to the investment vehicle that will repay your loan. Loss of income insuranceLoss of income insuranceInsurance in which the insured is covered against loss of income. Interest sensitive insurance policyInterest sensitive insurance policyA cash value life insurance policy whose insurance dividend rates vary with respect to inflation, enabling the policyholder to avoid the loss of purchasing power associated with inflation. Insurance dividendInsurance dividendMoney paid annually to policyholders participating in cash value life insurance policies. Further SuggestionsConditional insurancesickness insurance insurance policy Single premium life insurance accident insurance Federal Deposit Insurance Corporation War Risk Insurance endowment insurance Private Medical Insurance Casualty insurance disability income insurance travel insurance National Insurance Pension (State Pension) Insurance agent Insurance buildings insurance Reinsurance long term care insurance convertible term insurance Insurance policy Reinsurance contract of insurance Named perils insurance Letting insurance credit insurance |
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