Here is a useful guide to car assurance. Buying car or motor assurance is important as it is legally enforced in the UK . You are required by law to have a policy to cover your liability to other road users.
Car assurance protects motorists and drivers against liability in the event of accidents they may cause. It can also provide cover for the motorist's own vehicle. If you are the cause of an accident the car assurance company will pay your liability to other people involved in the accident.
Car assurance is a contract between you and the insurer, specifying each party's rights and obligations. Essentially the car assurance company promises to provide specific coverage for you in return for your payment of the car assurance premium.
Many different types of car assurance cover are available, ranging from third party cover which protects individuals against liability should they injure a third party or cause damage to a third party's property, but does not provide any cover for the individual's own vehicle or property, through to comprehensive cover, which can offer protection for accidental damage, theft, fire damage as well as liability towards third parties.
The basic legal requirement is Third Party Fire and Theft but this will not cover you for most things that can happen to your car.
The two main types of car assurance available in the UK are:
Third Party Fire & Theft assurance which covers the following:
Liabilities for injuries to other people, including passengers
Liability for damage to other people's property
Liability of passengers for accidents caused by them
Liability of fire and theft
Fully Comprehensive assurance which covers the following:
Liabilities for injuries to other people, including passengers
Liability for damage to other people's property
Liability of passengers for accidents caused by them
Accidental damage to your own car excluding any excess
A personal accident benefit
Medical expenses up to a stated limit
Loss or damage to personal effects in the car, up to a stated limit
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About the Author
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.