The A-Z House Insurance Guide.
When looking into buying house insurance it can be a bit daunting when you come across all the terminology involved. So we have compiled a guide to insurance terminology.
Click on the relevant letter that the term or word begins with and find out what it means.
M
Mechanical Breakdown Insurance
Cover that protects against the cost of having a breakdown in respect of either vehicles or household appliances.
Motor Insurance
An insurance policy covering legal liabilities that arise during the use of a vehicle. Comprehensive cover also means that any damage to the vehicle is included as part of the policy. In the UK , the minimum legal cover in respect of motor insurance is third party insurance.
Mutual
A company that is owned by the people who are its policyholders.
