Chapter 2 Flashcards

1
Q

Typers of insurance cover from lowest to highest

A

1 Road Traffic Act Only
2 Third Party Only
3 Third Party Fire and Theft
4 Comprehansive

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2
Q

Road Traffic act cover

A
  • unlimited indemnity in respect of bodily injury or death to third parties
  • £1,200,000 limit to loss or damage to third party property
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3
Q

Third party only cover

A
  • increased third party property damage to cover £20million
  • passenger indemnity
  • legal costs to defend a claim
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4
Q

Third party fire and theft

A
  • cost of repair or compensation to the insured if vehicle is stolen or damaged during or attempted theft
  • damage by fire, lightening or explosion
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5
Q

Comprehensive

A

Includes accidental or malicious damage, cover for all risks apart from following exclusions:

-wear and tear
- Electrical and mechanical
- loss of use
- tyre damage

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6
Q

What are some extensions to a motor policy?

A
  • breakage of glass
  • personal belongings
  • young additional drivers
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7
Q

Exclusions to motor insurance

A
  • war risks
  • riot and civil commotion
  • terrorism
  • sonic bangs
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8
Q

Does motorcycle insurance have same levels of cover for private motor insurance?

A

Yes

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