Collingwood Insurance Jargon Buster
Learning to drive and getting insurance can be a confusing time with so many new words and terms thrown at you at every turn. We have put together this helpful jargon buster to help you understand key terms relating to your policy.
This means that the cost to repair the vehicle is more than the cost of a replacement or the market value of the vehicle.
Telematics is often referred to as Black Box Insurance. This is a type of insurance where you car has a box that tracks your driving to ensure safe driving.
Breakdown cover assists you if your vehicle breaks down. For example your battery dies or your tyres puncture, breakdown cover can assist so you are not left stranded. Depending on the level of breakdown cover you may be able to have the car towed, roadside repairs and more.
This is a type of insurance class whish means that the car is used for your job. Such as driving to multiple sites of work or using the car for sales or deliveries.
Car use for business use may need a specified policy such as hire and reward. Business use on a car that is not insured to do so may go against the terms and conditions of a policy and effect the insurance if there is a claim.