Excess
The amount you pay towards a claim.
View definition →Glossary
Insurance terms explained simply.
Use this glossary to understand common insurance wording before comparing policies. Each definition links to a plain-English explanation.
- ✔ Plain-English definitions
- ✔ UK-focused wording
- ✔ Built for quick reference
Core insurance terms
These appear across car, home and life policies.
Premium
The price you pay for your policy.
View definition →Claim
Requesting help or payment from your insurer after loss or damage.
View definition →Policyholder
The person or organisation that owns and manages the policy.
View definition →Risk & pricing terms
Underwriting
How insurers assess risk when deciding price and terms.
View definition →No-claims bonus
A discount earned for claim-free years.
View definition →Indemnity
Putting you back in a similar financial position after loss.
View definition →Cover & limits
Sum insured
The maximum payout limit under a policy section.
View definition →Explore guides
Learn more through our full guides.
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