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
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
3
Q
Third party only cover
A
- increased third party property damage to cover £20million
- passenger indemnity
- legal costs to defend a claim
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
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
6
Q
What are some extensions to a motor policy?
A
- breakage of glass
- personal belongings
- young additional drivers
7
Q
Exclusions to motor insurance
A
- war risks
- riot and civil commotion
- terrorism
- sonic bangs
8
Q
Does motorcycle insurance have same levels of cover for private motor insurance?
A
Yes