Car insurance is the safety net that allows motorists to take to the road with peace of mind, however, people are often unsure about the kind of cover that will suit them best.
At Allianz, we realise that insurance can sometimes be complicated. This is why we've created this Glossary of Terms where insurance terminology is simplified and explained for you.
You may have heard the term “personal effects” when talking to your insurance provider about your contents cover, or when referencing your home insurance policy. But what does personal effects mean?
Having been a motor insurance underwriter for many years I know there are good reasons for this.* Firstly, with no previous driving experience, she has not yet earned a No Claims Bonus. Secondly – and of much more concern to me as a parent – young and inexperienced drivers are much more at risk of being involved in a serious road traffic collision.
Why is it Against the Law to Drive Without Motor Insurance?
Have you ever thought it odd that it is compulsory to buy motor insurance, but not compulsory to purchase other types of insurance, e.g. home, travel, and pet insurance? (Although you will struggle to get a mortgage if you do not have Home Buildings cover in place).
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