Car Insurance Dictionary - CarInsurance1.co.uk

Satellite navigation: A device fitted in a car which guides a driver through various routes. However, a growing number of insurers are treating Satellite Navigations as modifications if added to the vehicle after its manufacture.
Security: Please refer to Alarm, Immobiliser or Tracker.
Stripped down policy: A stripped down policy is a budget policy intended to reduce the cost of car insurance. It excludes some of the benefits you would normally relate with car insurance policies.
Sum Insured: The amount that the insurer agrees to pay in case an insured event occurs.
S, D&P: Social Domestic & Pleasure- Confirms the way you will use your car.
Settlement: When claim amount is paid

Car Insurance >> Dictionary

Listed below are general car insurance-related terminologies and their meanings. Click on the alphabet to view the list of terms starting with that letter.

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Satellite navigation : A device fitted in a car which guides a driver through various routes. However, a growing number of insurers are treating Satellite Navigations as modifications if added to the vehicle after its manufacture.

Security : Please refer to Alarm, Immobiliser or Tracker.

Stripped down policy : A stripped down policy is a budget policy intended to reduce the cost of car insurance. It excludes some of the benefits you would normally relate with car insurance policies.

Sum Insured : The amount that the insurer agrees to pay in case an insured event occurs.

S, D&P : Social Domestic & Pleasure- Confirms the way you will use your car.

Settlement : When claim amount is paid