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Insurance is a personal contract between the insurer and a specific policyholder covering a specific insurable interest. When that interest ends, the cover generally does — and the details differ by
An extended warranty is a service contract with a retailer or manufacturer. Insurance is a regulated contract of indemnity with an authorised insurer. The distinction matters because the protections
Through shared industry databases that record claims across insurers, so a claim made with one company is visible to all of them. The main UK databases: CUE — Claims and Underwriting Exchange. The
Because the risk profile changes fundamentally when someone other than the owner occupies a property, and standard home insurance is priced and written for owner-occupation. Why insurers treat it
Professional indemnity (PI) insurance covers claims arising from the advice or services you provide — errors, omissions, negligence, or work that fails to meet the expected standard. It also covers
Business interruption (BI) insurance covers lost income and continuing costs when a business cannot trade normally. It is usually sold alongside property insurance, and it addresses a gap that
You do not get paid twice. Insurance operates on the principle of indemnity — the purpose is to restore you to the position you were in before the loss, not to profit from it — and the mechanism
Legal expenses insurance (LEI), usually sold as a modest add-on to motor or home policies, funds legal costs for pursuing or defending certain disputes. Whether it is worth the money depends on what
GAP (Guaranteed Asset Protection) insurance covers the difference between what your motor insurer pays if your car is written off or stolen, and a higher figure — either what you originally paid or
Because insurers price by statistical risk, and occupation has historically correlated with claims frequency and severity in their data. It is not a judgement about you individually. What occupation
You are not left with nothing, but which route you use depends on your own cover, and the consequences differ. If you have comprehensive insurance. Your own insurer will handle the repair or
Public liability insurance covers your legal liability if your business activities cause injury to a member of the public or damage to their property, including the legal costs of defending a claim.
Through a two-stage process, and the second stage is free, independent and has real power — which many people do not realise. Stage one: the insurer's own complaints procedure. You must exhaust this
They pay out in three different circumstances, and people frequently buy one believing it covers another. Life insurance pays a lump sum when you die (or, on some policies, on terminal diagnosis). It
Broadly, any medical condition you have had before buying the policy — and the definition is far wider than most travellers assume, which is why this is the leading cause of declined travel claims.
By applying the policy's basis of settlement to an assessed loss, then deducting anything the policy allows. The figure is rarely what you paid or what you feel it is worth. The sequence, broadly:
When repair is uneconomic or unsafe, an insurer declares the vehicle a total loss and assigns a category. The UK system was revised in 2017 to classify by damage severity rather than by repair cost,
The critical question with all three is who they act for and how they are paid, because that determines whose interest the recommendation serves. A broker acts for you. They are independent
Exclusions are where most disputed claims originate, and the recurring theme is that insurance covers sudden, unforeseen events — not deterioration, maintenance or predictable consequences. Wear and
Because insurance prices are built from claims data, and the claims data for newly qualified drivers is genuinely severe — not because insurers dislike young people. What the data shows. Drivers in
The difference is whose losses are covered, and the names describe it fairly literally. Third-party only (TPO) is the legal minimum in the UK. It covers injury and damage you cause to other people —
It depends heavily on why it was wrong, and modern law treats an honest mistake very differently from a deliberate one. In the UK, the Consumer Insurance (Disclosure and Representations) Act 2012
They are two fundamentally different bases for settling a claim, and the difference can be thousands of pounds on the same loss. Indemnity cover aims to put you back in the financial position you
You may receive substantially less than you claim for, even on a small claim — and the mechanism that does this catches people badly off guard. It is called the average clause (or condition of