Travel Insurance Glossary of Insurance Terms
Claim
An application to an Insurance Company for Compensation
Endorsement
Change in the terms and conditions of your policy. These are shown on the schedule.
Excess
This is the first part of each and every claim which you (not your insurer) must pay.
Legal Protection cover
This is an additional policy that will safeguard you against the effects of uninsured losses as a result of an accident. Uninsured losses are things such as loss of earnings, personal injury, loss or damage to personal property and excesses under a comprehensive policy. The policy also includes free car hire, replacement car facility, credit repair and vehicle recovery.
Loss
See claim.
Period of insurance
The period stated in the policy schedule
Proposer
The main policyholder and owner of the vehicle to be insured.
Sum(s) insured
The total amount that you are insured for under each section of the policy and the maximum amount that an Insurer would have to pay in settling a claim.
You, your
The policy holder named in the schedule
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