Back to blogUpdated · 1 min read

Insurance policy

An insurance policy is essentially a contract between you and your insurer. It will outline what’s covered, what’s not and how you can make use of your insurance.

What is in an insurance policy?

An insurance policy will jot down everything there is to know about the insurance you’ve bought. It takes a look at what things you are covered for, what you won’t be covered for, how to claim, what to do if there is an emergency, the limits of your cover, and what is required of you to activate your cover (if necessary).

Where do I find my policy?

Once you have bought cover, your policy is often emailed to you. Or in some cases, you will be able to download it via your insurer’s app or you will find it on your insurer’s website.

You might also like

Definitions

Warranty

A warranty is a limited-time guarantee or promise from the manufacturer of the product you’re purchasing that they will repair or replace the item if there is a manufacturer fault.

1 min read
Definitions

Insurance

Insurance is something that you buy to protect yourself against losses you will suffer if certain things happen to you, like if your car gets stolen, your house burns down or you get sick or pass away.

1 min read
Definitions

Trade-in value

Trade-in value is the amount a car dealership would pay you for your car if you were to trade it in. This is usually the lowest of the three values for which you can insure your car.

1 min read