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towergateinsurance.co.uk
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Definitions (34)
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proposal form
The basis of the contract between you and insurer. An insurance contract is based on utmost good faith, which means you are duty bound to answer all questions correctly to the best of your knowledge. [..]
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agreed value
The value of the insured items is agreed by you and the underwriters at the start of the period of insurance. This value then applies at the time of a claim.
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all risks
All risks cover provides the broadest form of insurance cover. Such policies do not name the risks covered but list the exclusions and all unnamed risks are automatically covered.
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business interruption
Covers lost income while a business is out of commission or you are unable to trade. And also includes the costs of repair necessary to get your business back up and running.
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cherished car
A vehicle that is older than 20 years (25 years in the case of classic commercials) and to standard factory specification. A very limited selection of vehicles between 10 and 15 years old are also dee [..]
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cherished number plate
Registration numbers issued by DVLA in the UK, which may be rare or unusual, often spelling names or places. Some may be very valuable as they are able to be transferred from car to car, but in some i [..]
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claim
Any report of an incident in which the policy holder requests a payout or indemnity from the insurer under the conditions of the policy.
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consorcio
Applicable to Spanish property owners - the 'cover of extraordinary risks' (known as consorcio) insures you against some additional, extraordinary occurrences such as terrorism. Check with T [..]
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contents insurance
Covers the items in your home which are not fitted to the main structure of the building such as clothes, appliances, furniture, jewellery and other items of value. If you were to turn your house upsi [..]
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cover note
A cover note is a temporary form of certificate, usually valid for 30 days only.
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