Car Insurance Jargon Buster

Car insurance and other financial products, has its fair share of jargon and arbitrary inclination, this means that no one is working in the industry every day.
Fortunately, it is exactly what we do at moneysupermarket.com. As a result, we wrote a jargon to give you the orientation in the technical discourse, which can occur in the search for offers or a complaint.
ABI Group - is there a risk group defined by the Association of British Insurance, the car was put in. All damaged cars in a group, with smaller and cheaper, a car belonging to a group of lower rank, to a sports car repair of high performance in the group 50th
Repairer - often prefer insurance for any repairs should be through a garage that they know and trust to be done - these are known as authorized repairers.
Full - This is the most comprehensive reporting, you can buy today. It is often called "complete", but it's a bit wrong - every company has different ideas of what does 'global' really.
Including DOC - that means for driving other cars, and does exactly what it says on the tin. This covers you for driving a car other than those named in the policy.Save time and money on your car insurance
Fault / no claim for error - error does not claim refers to the case that you are innocent, and therefore your insurance can claim back the costs by a third party. Claims of error is slightly different, but that the claims back the error in each case in which the company can not claim the cost - when a person driving without insurance, for example.
Compensation - refers to payments to policyholders to ensure they are in the same financial position after the incident, because they are directly in front.
TPI - Tax on insurance premiums is a tax on all insurance premiums paid. This is calculated at the basic level of 5% for most types of insurance, and increased from 17.5% for some form of car insurance
Adjuster - Adjuster is a person who put the application reviews, sure they are legitimate and that the company they work without pay on the possibility of action.
Also the hardware - the failure of the material that can dissolve a policy, such as driving lay open to persuasion.
S, D & P - Social Domestic & Pleasure. If you want to drive your car for non-official purposes, SD & P is the type of coverage you need. If you go to work and back, you have to add the shuttle, and if your job involves driving, you should also be considered.
Regulation - Regulation relating to the claims paid and closed, quite often, the payment from your insurance company is designated as a regulation.
TPFT - third party fire and theft. Enter your warranty claim against fire and theft of the vehicle and damage to third parties.
TPO - Third. This is the bare minimum legally covers you in the street. This covers you for damage to other people's property and injuries, and nothing else.
Subscriber - participants work in an insurance company, and decide whether an insurance company willing to accept the risk of political gifts. If this happens, the underwriters and then decide how much to charge policyholders to accept this risk.
Under-insurance - insurance for your car is worth less than the underinsured as well known. It is very important when it comes to making a claim, even if your claim does not cover the total value of car insurance can refuse to pay the percentage difference between the insured and the actual value. For example, if your car is worth £ 10,000 and £ 8,000 for the insured, your insurer may refuse to pay 20% of the receivables.
ULR cover - Uninsured loss recovery is known, better known as the cost of legal protection. Basically, this means that you recover the money spent on attorney's fees incident should lead you to court.
Of uninsured losses - item not covered by your auto insurance. This includes things such as recruitment and attorney fees.