Vocabulary for car owners to understand motor car insurance policies and terms better
The proposal form needs to be submitted and sent (along with the quotation) to the insurer in order for them to underwrite your motor car insurance policy. The underwriter relies on the information given by the car owner to assess the risk undertaken by the insurance company. Therefore it is important that car owners provide [...]
You'll need a Certificate of Insurance in order to renew your road tax. This certificate must be produced in order to show the existence of your car insurance. It is a document signed by an official of the insurer to certify the authenticity of the certificate. Information found on the Certificate of Insurance includes: - [...]
A cover note is sent to you as an interim document before the issue of your insurance policy and certificate. These are effective contracts of insurance. You’ll need a cover note if you're registering a new vehicle. The Land Transport Authority requires this document as a "proof of insurance" before they'll process your registration. Once [...]