Indemnity - The principle by which insurance policyholders
are put in the same financial position after a loss as they were
immediately before it.
Insurance Premium Tax (IPT) - A Government tax charged
as a percentage of insurance premiums. Insured A person or organisation
covered by an insurance policy.
Insured motorbike - The insured motorbike as specified by
its registration mark on your current certificate of motor insurance.
Some motor insurance policies insure the vehicle, and some insure
the driver.
Insurer - The party to the insurance contract who promises
to pay losses or benefits, usually an insurance company.
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