I
Indemnity
The insurance principle by which policyholders are put in the same financial position after a loss as they were immediately before it.
Insurable Interest
A principle of insurance which states that someone may only take out cover if they stands to suffer a financial loss from an event covered by the insurance policy.
Insurance
A financial service offering financial compensation for something that may or may not happen.
Insurance Company
A company that takes on risk within the insurance policies it sells in return for the premiums.
Insurance Premium Tax
A UK governement tax imposed on most non-life insurance premiums.
Insured
The individual covered by an insurance policy.
Intermediary
This is the person or organisation that offers advice and arranges policies for clients.
Get a Car Insurance Quote!
Contact Us
|
