Allianz Blog Insurance Explained

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).

There is a compulsory element to motor insurance. That is the requirement to insure your legal liability for injury caused to other persons, and damage caused to the property of others. This is commonly referred to as ‘third party’ cover. It is not compulsory to be covered either comprehensively or for fire and theft risks.

Why is Motor Insurance Compulsory?

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Are You Covered? Possessions in Your Custody or Control

When you purchase Home Contents insurance it covers the contents that you own whilst they are in your home. Cover provided by home insurance policies differs between insurance providers, so we will look specifically at the Allianz policy.


What Am I Covered For?

Contents in an Allianz policy are defined as household goods and items that you normally wear or carry (referred to as personal effects) owned by you. In addition it covers:

Items for which you are legally responsible (including items that you have leased or hired).Items owned by members of your household, e.g. owned by your spouse, son, or daughter (as long as th...

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Insurance as an Enabler of Everyday Life

It’s easy to go about our day to day lives without thinking much about how insurance makes the mundane possible. But what if insurance didn’t exist?

Getting to Work - Risk vs Liability

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We get up on a Monday morning, drag the kids out of bed, and get organised for the day ahead. In the short time it takes to drive them to the school, there is potential for a collision, which could cause damage to the car or injury to the people involved. Without insurance, the responsibility for repairing damage or replacing your car is solely yours. Even if someone else was at fault, they could potentially deny this. Insurance enables y...

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How You Can Affect Your Home Insurance Premium

There are several ways that you can manage your own risk to help keep your home insurance premium as low as possible.

Claims History

A good claims history is critical. Typically, those who have made a recent claim are more likely to claim again. Insurers therefore consider past claim experience to be significant. Having no previous claims is best for your premium, but bear in mind the number and value of claims has an impact, so consider not claiming for very small claims.

Your Policy Excess

Another way to affect your number of claims is your policy excess. This is the initial amount of the claim that you, as the policyho...

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Green Cards: Brexit’s Effect on Driving Across the Border

If a ‘no deal’ Brexit takes place then any person driving their Republic of Ireland registered car in Northern Ireland will require a green card.

What Is A Green Card?

A Green Card is an internationally recognised insurance document which provides proof of the minimum compulsory motor insurance cover required by the country visited.  It is a hard copy document which is printed on green paper or with a green background.

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How Does it Work Right Now?

Currently all Irish motor vehicles with a valid registration travelling within the EU are covered by the terms of the EU Motor Insurance Directive (MID).  This allows motor vehic...

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How Insurers Assess Risk

When we request an insurance quote we are asked a lot of questions. For a car insurance quote we are asked for information about:

  • ourselves – for example, our age, where we live, details of any medical conditions

  • our driving experience - driving licence type, details of any driving convictions and claims

  • our motor insurance history – no claim discount entitlement

  • the car we want to insure – its’ make and model, age and value, details of any modifications to the car

  • any other drivers we want covered

  • what cover we require – Comprehensive cover? For what purposes the car will be used

The information we provide to the insurer in...

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