uk motorcycle insurance from Great Insurance

Car insurance GLoSSARY

Effective date - The date on which insurance under a policy will begin.

Endorsement - An amendment of an insurance policy that alters the provisions of the contract. Also a term used for points on your driving license.

Excess - This is the first part of each and every claim, which you (not your insurer) must pay. There are two types of excess:

Compulsory excess
This is excess that has been applied as a requirement by your insurer and will vary according to your personal circumstances and the terms of cover provided. Compulsory excess will also apply to fire or theft claims.
Voluntary excess
This will apply where you agree with your insurer to pay a greater part of each claim than the compulsory excess.

Exclusions - Events not covered by an insurance policy. Typical exclusions include running a taxi service (for motor insurance), overloading your car, or allowing drivers other than those specified in the policy to take control of the vehicle.