Motor Insurance

What is a Cover Note in car insurance?

• A temporary insurance document issued before the official policy is prepared. It provides proof of coverage.

• A document that provides a discount on your premium.

• A certificate required for vehicle registration.

• A receipt for payment of road tax.

What is a Proposal Form in car insurance?

• A form filled out by the applicant providing details required by the insurer to assess risk and determine policy terms.

• A document issued by the government to register a new vehicle.

• A receipt given after paying the car insurance premium.

• A certificate proving the car has passed a safety inspection.

Who is an Underwriter in car insurance?

• A professional who evaluates risk and decides on the terms, premium, and coverage of an insurance policy.

• A person who repairs damaged vehicles after an accident.

• A customer who purchases car insurance policies.

• A government official who registers vehicles.

What does Indemnity mean in car insurance?

• The principle of insurance ensuring that a policyholder is compensated for loss but not allowed to profit from a claim.

• A type of insurance that covers only theft of the vehicle.

• A bonus given to policyholders for not making any claims.

• A policy that covers only third-party damages.

What is Excess in car insurance?

• The amount the policyholder must pay towards a claim before the insurer covers the rest.

• The total value of the car insured.

• The bonus received for not making a claim.

• The interest charged on late premium payments.

Fill in the blank: ________ is a discount on premiums awarded to drivers who do not make any claims over a certain period.

• No Claims Bonus

• Excess Fee

• Third Party Cover

• Comprehensive Premium

Fill in the blank: ________ is an optional feature that allows policyholders to retain their No Claims Bonus even after making a claim.

• Protected Bonus

• Comprehensive Cover

• Third Party Liability

• Voluntary Deductible

Fill in the blank: ________ is an international insurance certificate that proves a vehicle is insured for driving in foreign countries.

• Green Card

• Blue Card

• Red Book

• Travel Pass

Fill in the blank: ________ is a representative of an insurance company who sells policies and provides customer support.

• Agent

• Broker

• Underwriter

• Adjuster

Fill in the blank: ________ is the individual who takes out the insurance policy (the policyholder).

• First Party (Proposer)

• Second Party (Insurer)

• Third Party (Beneficiary)

• Agent