Car Insurance Jargon

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Term - The period of time for which a policy is issued.

Territorial limits - The geographical limits within which your policy is valid, usually Great Britain, Northern Ireland, The Isle Of Man and the Channel Islands, including travel between any of these.

Third party - The cheapest and most basic form of motor insurance. Third party covers damage to others' cars but not to your own, nor does it provide cover against fire or theft.

Third party, fire and theft - A relatively cheap form of motor insurance. Like third party coverage, but with cover against fire or theft.

Total loss - When the insurance company decides it is uneconomical to repair your car following an accident, theft , or when your car is stolen and recovered and either it is impossible to repair; it isn't safe to repair; it is not economical to repair your car.

Tracker - A tracker is an electronic device (normally fitted as an accessory after purchase of the vehicle) which emits a signal enabling law enforcement agencies to locate the car anywhere in the UK if it has been stolen.