Car Insurance Glossary : I
The time and date on which cover starts.
Putting you in the same financial position after the loss as you were in before the loss.
An insurance agreement is an agreement between the policyholder and the insurer to pay regular or single premiums and provide insurance benefits in the event of a loss respectively.
In several lines, the insurer issues a confirmation of the insurance contract to the policyholder as proof that insurance cover exists e.g. Employers' Liability, Motor.
Insurance Premium Tax (IPT)
A Government tax on your insurance premium.
The insurance company