Glossary

A

Accidental damage
Accidental damage cover
Additional premium (AP)
Age limits
Aggregate limit of indemnity
All risks cover
Annual percentage rate (APR)
Approved alarm systems
Art Loss Register
Average



B

Back-dating
Breach of contract
Breakdown recovery
British Insurance Brokers Association (BIBA)
Buildings Insurance
Burst Pipes


C

Cancellation clause
Claim
Claims experience
Claims-made policy
Commission
Comprehensive Insurance
Condition
Consumer Credit Act 1974
Contents Insurance
Contribution
Cooling off period
Cover Note
Cover/Coverage
Credit Checks


D

Dangerous Dogs Act 1991
Data Protection Act 1998
Deductible
Defective Premises Act 1972
Direct Sources of Business
Domestic employees
Driving of other cars
Dual Insurance


E

Emergency Helpline
Employers' Liability
Endorsement
Excess
Exclusion
Ex Gratia Payment
Exposure


F

Financial Ombudsman Service (FOS)
Financial Services Authority
Financial Services Compensation Scheme


G

Green Card
Guarantor


H

Heave
High Net Worth Household Insurance
High Net Worth Insurance
High Net Worth Motor Insurance
High risk property
Home Emergency Assistance
House Rebuilding Cost Index
Household
Household Insurance


I

Identity Fraud
Inception date
Indemnity
Index-linked
Insurable Interest
Insurance
Insurance broker
Insurance Company /Insurer
Insurance intermediary
Insurance premium tax (IPT)
Insured
Investment Income


J

K

L


Landlord Household Insurance
Landlord Legal Expenses Insurance
Landlord Rent and Legal Protection Insurance
Legal expenses insurance
Liability”
Liability insurance
Limit of indemnity/liability
Loading
Loss adjuster
Loss assessor


M

Material (relevant) fact
Managing Agent
Moral hazard
Mortgagee
Mortgagor
Motor Insurance
Motor insurance certificate
Motor Insurance Database (MID)
Motor Insurers’ Bureau (MIB)
Motor Legal Expenses


N

Named drivers
National Security Inspectorate
No Claim Discount
Non-standard construction


O

Occurrence
Own damage


P

Policy summary
Policy wording
Premium
Proof of loss
Proposer


Q

R

Rebuilding cost
Renewal
Renewal Notice
Risk Management Survey


S

Security
Subject to survey
Sum insured
Standard construction
Standard excess


T

Tenant’s liability
Territorial limits
Third Party
Total loss
Travel Insurance


U

Underinsurance
Underwriter
Utmost Good Faith


V

Valuation
Voluntary excess


W

Warranty
Write-Off


X

Y

Z