Insurance Glossary

Car Insurance

By law if you want to drive a car in a public place you must, at the very least, have “third party” insurance. “Third party” insurance covers any injury or loss suffered by other people as a result of your driving. Comprehensive insurance is an “all inclusive” type of insurance that covers the cost of repair or replacement if your car is stolen, damaged or destroyed and includes any loss suffered by third parties.

Health Insurance

Private health insurance helps cover medical or hospital expenses if you get sick, have an accident or need an operation.

Home Insurance

Some of the risks your home may be subject to include damage by fire or flooding, burglary or someone injuring themselves on your property. Taking out insurance can cover you for some of these risks.

Payment Protection Insurance

Payment Protection insurance is designed to cover your repayments on a loan / mortgage / credit card if you suffer from an accident, illness, death or redundancy.

Travel Insurance

There are many risks associated with travel including damage or delay of luggage, cancelled flights, delayed or missed departure, loss or theft of money or passport and illness or injury. Travel insurance may help compensate you in the eventuality of these things happening.

Legal Notice

The information provided in this guide does not constitute tax, legal, investment or any other advice.

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