You must have motor insurance coverage before you can drive your vehicle in a public place. Motor insurance is here to protect you, your vehicle and other motorists against liability in the event of any accident.
It provides financial compensation to cover any injuries caused to people or their property.
There are three main categories of motor insurance:
This cover is the minimum legal requirement and ensures that compensation is available in respect of injury to other people (including your passengers) or damage to other peoples' property resulting from an accident caused by you. It doesn't cover any costs incurred by you as the result of an accident.
This provides the same cover as third party only and also insures you should your vehicle be damaged by fire or stolen.
This provides the same cover as third party fire and theft and also covers you should your vehicle be damaged in an accident. Many additions to this level of cover are available from insurance companies including:
Nowadays motor insurance is such a competitive market that it is important to shop around and compare coverage on a like-for-like basis.
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Read moreCONTACT US
Parklands Financial Advisers
52 Pinbush Road
Lowestoft
Suffolk
NR33 7NQ
T: 01502 531 633
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The guidance provided within this website is subject to the uk regulatory regime and is therefore primarily targeted at consumers based in the UK.
Parklands Financial Advisers is Authorised and Regulated by the Financial Conduct Authority.
Parklands Financial Advisers is entered on the Financial Services Register (www.fca.org.uk/register) under reference: 710277.
A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4567.
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