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.
A Fault Claim is an accident or loss where you are considered to be to blame (at fault). It may also be an accident where your insurance company cannot recover their costs in full from someone else.
The FCA is an independent UK non-governmental conduct regulator for financial services firms and financial markets. The FCA operate to ensure consumers get a fair deal. Collingwood are authorised and regulated by the FCA.
Sometimes referred to as ‘fully comp’ is the highest level of insurance for your car. Comprehensive car insurance allows you to claim from your insurer for accidents that are deemed to be your fault, or when the fault of an accident can’t be proved e.g. if you return to your car to find it has been damaged and the offender has driven off.