Car insurance is not merely an important part of protecting yourself financially on the road - it's a legal necessity. However if you're trying to make a claim after being involved in an accident that wasn't your fault, you might come across something called 'uninsured losses'. We take a look at exactly what that means for your cover...
Uninsured losses can be described as potential financial losses, and they aren't usually covered by a standard insurance policy. Uninsured losses generally include: injury to yourself or your passengers; loss of earnings; cost of alternative travel arrangements; or recovery of your policy excess from a third party. These are all very common costs incurred as a result of an accident, and you will understandably want to protect yourself against them.
According to the Department for Transport, around 3,500 people are killed and 40,000 are seriously injured on Britain's roads each year. If you're involved in an accident, it could seriously affect your health or ability to work, and therefore have grave financial implications too. Standard insurance will always cover liabilities to third parties. However, if an accident isn't your fault, you will have to make a case to the other party's insurance provider in order to cover the damage incurred. If the other party does not take responsibility, this could potentially turn into a costly and lengthy legal procedure.
Some insurance providers may recommend that you take out optional additional cover, often from as little as 20, to boost your protection and cover uninsured losses. With Greenbee Legal Protection, for example, you would have up to 100,000 towards legal expenses to help recover these potential losses. Just make sure you contact your insurance provider immediately after an accident, as there may be time limits that apply.
The Government is currently investing in a road safety strategy, which is aiming for a 40% reduction in the number of people killed or seriously injured in road accidents by the end of 2010. We can all do our part to make Britain's roads safer by driving carefully at all times. However, even if you are a safe and conscientious driver, you cannot always guarantee how other people may behave on the roads. By taking out comprehensive insurance you will give yourself great financial protection from accidents and as a result hopefully feel a little safer behind the wheel.
Uninsured losses can be described as potential financial losses, and they aren't usually covered by a standard insurance policy. Uninsured losses generally include: injury to yourself or your passengers; loss of earnings; cost of alternative travel arrangements; or recovery of your policy excess from a third party. These are all very common costs incurred as a result of an accident, and you will understandably want to protect yourself against them.
According to the Department for Transport, around 3,500 people are killed and 40,000 are seriously injured on Britain's roads each year. If you're involved in an accident, it could seriously affect your health or ability to work, and therefore have grave financial implications too. Standard insurance will always cover liabilities to third parties. However, if an accident isn't your fault, you will have to make a case to the other party's insurance provider in order to cover the damage incurred. If the other party does not take responsibility, this could potentially turn into a costly and lengthy legal procedure.
Some insurance providers may recommend that you take out optional additional cover, often from as little as 20, to boost your protection and cover uninsured losses. With Greenbee Legal Protection, for example, you would have up to 100,000 towards legal expenses to help recover these potential losses. Just make sure you contact your insurance provider immediately after an accident, as there may be time limits that apply.
The Government is currently investing in a road safety strategy, which is aiming for a 40% reduction in the number of people killed or seriously injured in road accidents by the end of 2010. We can all do our part to make Britain's roads safer by driving carefully at all times. However, even if you are a safe and conscientious driver, you cannot always guarantee how other people may behave on the roads. By taking out comprehensive insurance you will give yourself great financial protection from accidents and as a result hopefully feel a little safer behind the wheel.
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