THE RIGHT POLICY
What type of car insurance is right for you? It is illegal to drive in the UK without insurance and therefore the minimum standard of cover you can take out is ‘third party’. This covers:
· Liability for injuries to others, including passengers.
· Liability for damage to someone’s property.
· Liability of passengers for accidents caused by them.
· Liability arising from the use of a caravan or trailer while attached to the car.
Next comes ‘third party fire and theft’ which will also pay out if your vehicle is stolen or set on fire.
A comprehensive (normally known as ‘fully comprehensive’) car insurance policy will pay-out for all of the areas covered by third party fire and theft with the addition of paying for any damage to your own vehicle regardless of who caused the accident. It also covers loss of, or damage to, personal effects in the car.
Business car insurance (also known as ‘commercial car insurance’) meets the needs of small businesses with company vehicles.
Though polices vary between individual car insurance companies, benefits typically include a courtesy car, free cover for driving in Europe and, in some cases, legal aid when the accident is not your fault. These benefits may incur an extra cost.
We all know car insurance is an expensive business – but where does our money go? One factor rarely considered when making a claim is how your car insurance premium is used – yet this information may help you choose your cover wisely and make a more informed choice on the cover you opt for.
Source from : www.speedace/info/motor_car_insurance.htm
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