You are here: Home - Insurance - News -

Motorists not checking insurance small print

Written by:

Thousands of UK motorists not reading the small print on their insurance policies are running a major risk of not being covered to the extent they think they are, according to Swift Cover.

The research found British drivers to be extremely confused as to what is and isn’t covered by their insurance. For example, while eating and smoking behind the wheel might not be a criminal offence, many drivers are not aware that they could be accused of negligence if involved in an accident while smoking or eating, resulting in a drastically reduced payout.

Hopping behind the wheel of your partner or friend’s car might seem like a perfectly acceptable thing to do – indeed 29% of drivers polled assumed that they would be insured through their own insurance.

In fact, most car insurance policies only insure drivers if it’s included in the small print, and rarely offer more than third party cover.

Not telling your insurer when you exceed your mileage can also invalidate your policy. The poll showed that a quarter of motorists didn’t know whether driving over their stated mileage would affect their insurance cover- while nearly a fifth stated that it wouldn’t.

Tina Shortle, spokesperson for Swift Cover, said: “While choosing the lowest price car insurance policy is most people’s objective, it is also important to know exactly what is and isn’t covered. Drivers make a lot of assumptions about their policies, so it’s best to read all terms and conditions carefully and to regularly review the terms.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Ads for investment products non-compliant

An estimated 42% of advertisements for investment products were found to not comply with all of the Financial Service Authority’s...