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.
Named driver insurance is also known as additional driver insurance. This can allow somebody else to be covered with your insurance policy.
When you pass your driving test you will no longer be a learner driver and you will now be a new driver. As a new driver you will need to take out a new insurance policy which is often more expensive. This is because there is a higher risk of accidents now that you will be out on the road alone. At Collingwood we may be able to help you find insurance as a new licence holder with one of our affiliates.
A No Claims bonus (NCB), is a count of the number of years in which you haven’t made a claim on your car insurance policy. It can sometimes offer discount on insurance policies.
This is a type of claim where you are not seen to be at fault and another driver accepts the blame. This means that the accident or incident was not your fault. This means that the insurer can recover full cost.