types of insurance

• name 3 types of insurance

  motor insurance, home insurance, health insurance
• what are the 3 types of motor insurance - 


  third party, third party fire and theft, comprehensive
• what is Third party motor insurance - this is the minimumn insurance requirment for any legal veichle in ireland, this covers injury to another person or to their veichle, property caused by the insured dirver it does not cover the policy holders damage or to their veichle
• what is Third party fire and theft motor insurance - 


  it is the smae as third party insurance (only covers the injured person and their veichle/property and does not cover for the insured driver) but it also compensates the driver if their car in on fire or stolen
• what is comprehensive motor insurance -

  this benefits all people and veichles invoved that suffer loss or injury in an aciddent, including the insured dirver and their veichle
• who is the First party during an insurance claim -

  the person that takes out the insurance
• who is the second party in an insurance claim -

  the insurance company that the first part is insured with
• who is the Third party in an insurance claim - any person veichle/property that suffers a loss caused by the First party
• what is a no claims bonus -

  a discount on a insurance perimumn, it rewards the insured party for not making any claims
• what is loading -

  an extra amount addded to the basic payment to cover increased risk e.g a person who does not have a full licence will have to pay a loading fee