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Definitions (23)
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health insurance
Private Health Cover Overseas Cover Get Informed About Health Insurance Joining a Health Fund Health Insurance & Tax Means Testing Hos [..]
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agreed value
A vehicle value agreed upon by both you and the insurer for the purpose of establishing a compensation limit (vehicle write-off). This value is usually fixed until the policy is subject to renewal.
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anti-theft device
A device fitted into a vehicle for the purpose of deterring theft and vandalism, e.g. car alarms, keyless entry, starter disablers/immobilisers, motion detectors, parts of the vehicle etched with the [..]
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contract
A legal agreement between two parties promising a certain performance in exchange for a certain consideration. See Policy.
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coverage
Protection and benefits provided in an insurance contract.
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claim
A request or claim for payment made under the terms of an insurance policy to compensate for damage, loss or injury.
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claim repairs
Vehicle repairs carried out upon lodgement of an insurance claim. In most cases, these repairs will need to be carried out by one of the insurer’s preferred suppliers, or the supplier must be recognis [..]
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comprehensive cover
Extends the benefits of third party property cover to your own vehicle and property, typically covering your car for loss or damage resulting from an accident, fire or theft. It usually includes the c [..]
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compulsory third party insurance
Otherwise known as ‘green slip’ insurance, CTP is required of every registered driver in Australia. It indemnifies drivers who are legally liable for personal injury to another party in the event of a [..]
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discount
A reduction of your premium if you and/or your car satisfy certain conditions, which are likely to reduce the insurer’s losses or expenses.
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