Please use our insurance glossary to clarify the meaning of any terminology used in the insurance industry. As a young driver or first time driver, the terminology used in insurance contracts can be confusing. We have created a glossary of terms of particular interest to younger motorists to help clarify any of the difficult insurance language you might come across.

Whilst this glossary has been put together by people with many years of insurance expertise, it should only be used as a guide. For the ABI glossary visit their website.

Use the letters below to shortcut to relevant areas on this glossary.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

P

Personal Lines of Business
This refers to any insurance policy taken out by an individual in his/her private capacity, normally car home and travel insurance.

Policy
The insurance document providing full details of the contract between the insurer and the policyholder.

Policyholder
This is the person to which the insurer issues the policy. It normally also means the person to whom benefits are payable.

Premium
The amount paid by the policyholder for insurance.

Proposal Form
This is an application for insurance cover.

Proposer
This is the person or company who applies to take out insurance.

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