An estimate of the cost of insurance, based on information supplied to the Insurance Company by the applicant.

The per unit cost of insurance. (See also Premium). Usually expressed as a percentage which will be applied to the sum insured to calculate the premium.

The particular location of property or a portion thereof, as designated in a policy.

The amount of money an Insurance Company charges for insurance coverage.

A policy issued with an extra premium charge

A type of marine insurance by which a ship is insured whist it is in the confines of a specified port area. An alternative form of cover allows the ship to navigate outside the port area.

The place where you will reside for the majority of your policy term.

Money received by an insurer in respect of a loss, thus reducing the loss, by way of subrogation, salvage or reinsurance.

A clause which excludes claims for legal liability of the insured in connection with pollution or contamination of the environment.

The person who drives the car most often.