Motor insurance can seem complicated if you're not familiar with the industry jargon. Whether you're buying a new policy or renewing an existing one, understanding key motor insurance terms is essential to making informed decisions. To help you decode the language of motor insurance, we’ve compiled a comprehensive glossary of common terms every policyholder should know.

A to Z of Motor Insurance Terminologies

A

Add-ons

B

Break-in Policy

C

Comprehensive Policy

Compulsory Deductible

Claim

Cashless Garages

D

Depreciation

E

Endorsement

Engine Protection Cover

Exclusions

I

IDV (Insured Declared Value)

N

NCB (No Claim Bonus)

O

Own Damage (OD)

P

Personal Accident Cover

Policy Period

Premium

R

Renewal

Roadside Assistance

T

Third-Party Insurance

Z

Zero Depreciation Cover