Swinton Motorbike Glossary of terms
Here are the meanings of some of the words and phrases used on this website. This
glossary is here as a general guideline designed to help you with terms that you
might not be familiar with. If you need to understand the term in detail and how
it applies to you, then have a look at the policy wording.
Click on the relevant letter to jump to the section you need:
C.B.T.:
Compulsory Basic Training for motorcyclists.
Comprehensive Cover:
The widest ranging vehicle insurance cover. In addition to the cover provided by
Third Party, Fire and Theft insurance, this also covers your motorbike
against any damage caused by an accident or someone else, whether you
are at fault or not.
Terms, conditions, exclusions and excesses apply. Please refer to relevant policy
wording for full details.
Certificate of Motor insurance:
the proof issued by the Insurer that your motorbike is insured,
as required by law.
Compulsory Excess:
The amount of any claim which the Insurer insists you pay in the
event of a claim.
Cosmetic Modification:
Alterations to a vehicle which affect its appearance but not its performance such
as customised paintwork.
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Deductible:
See Excess.
Excess:
The amount of any claim which you agree to pay if your motorbike is stolen or damaged,
irrespective of fault. You are entitled to seek recovery from a responsible
party in the event of an accident which was not your fault.
Indemnity:
This ensures that following a claim you are restored to the same financial position
that you were in immediately before the insured loss. Account is taken for age,
wear and tear and depreciation.
Insurer:
An organisation which issues an Insurance Policy in exchange for
a premium and pays any eligible claims arising.
Insurance Schedule:
The document that describes details of the cover you have and information that you
have supplied to your insurer.
Insured:
The person who is, or whose motorbike is, insured. Also known as the Policyholder
or Proposer.
Legal Liability:
The obligation to recompense others because of your negligence.
Market Value:
For motorbike insurance, the cost of replacing a motorbike with one of similar make,
model and condition at the time of the loss or damage.
Medical Examiner's Report (MER):
A report by a doctor, given at the request of the Insurer. The
cost is usually paid by the Insurer.
Terms, conditions, exclusions and excesses apply. Please refer to relevant policy
wording for full details.
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Modification:
Alterations to a vehicle which affect either its appearance and/or performance.
Motoring Convictions:
Offences such as speeding which are detailed on your driving licence. You will need
to notify Swinton of any motoring convictions in the last 5 years, even though these
may have been removed from your licence.
Negligence:
The legal definition of negligence is the failure to exercise the care towards others
which a reasonable or prudent person would do in the circumstances, or taking action
which such a reasonable person would not.
No Claims Bonus:
A discount offered as a reward for you not making a claim on your insurance for
a number of years.
Permanently Attached Accessories:
Alterations to a motorbike after its manufacture which are not directly related
to its function as a motorbike. These include radios that form an integral part
of the motorcycle, top boxes, tank bags and other luggage carriers while fitted
to a motorcycle.
Personal Liability:
See Legal Liability
Pillion Passenger:
The person who rides on the passenger seat of a motorbike.
Policy:
The document which details what is covered and outlines the circumstances under
which a claim will be paid and the Conditions governing any payment. A policy is
a contract which is binding on both the customer and the Insurer.
Policyholder
See Insured
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Premium:
The amount you will need to pay to an Insurer
to be covered by the insurance.
Proposer
See Insured
Protected No-Claims Bonus:
If you have 4 or more years no claims bonus, you may be able to
pay an extra amount, so you may not necessarily lose your no claims bonus
if you make a claim.
Terms, conditions, exclusions and excesses apply. Please refer to relevant policy
wording for full details.
Responsible Party:
This is a term used to describe the person who is responsible for causing any losses
or damage.
Schedule:
The document that describes details of the cover you have and information that you
have supplied to your insurer.
Swinton:
A UK insurance intermediary who searches leading insurers to get
you a great deal. The paperwork sent out to you will show the name
of the insurer with whom we have arranged your insurance.
Third Party Only Cover:
The minimum level of insurance cover for a motorbike which is required by law. Third
Party Only covers your liability for death or bodily injury to anyone else and your
liability for damage to someone else’s property. It does not cover any damage to
your vehicle.
Terms, conditions, exclusions and excesses apply. Please refer to relevant policy
wording for full details.
Third Party, Fire & Theft:
In addition to the cover provided by Third Party Only Cover insurance,
this also pays you compensation if your vehicle is stolen or destroyed by fire (subject
to Policy terms).
Terms, conditions, exclusions and excesses apply. Please refer to relevant policy
wording for full details.
Voluntary Excess:
An additional amount you may wish to pay in the event of a claim above any
compulsory excess insisted upon by the Insurer. You can
decide this sum at the point you take out a policy. Doing this will usually help
to lower your Premium.
You:
See Insured
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