Glossary
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D
- Declination/Decline
- This is when an insurance applications is rejected by an Insurance Company.
- Default
- A default is where for some reason the monthly payment from a client's bank account. A Bank can refuse a payment for any of these 'default' reasons:
Refer to Payer
Account Closed
Mandate Cancelled
No Account
No Mandate
Account Transferred
Instruction Cancelled
Payer Deceased
- Deposit premium
- The premium deposit paid when an application is made for an insurance policy.
- Direct debit
- A procedure under which an organisation to whom a payment is due claims the amount directly from the bank account of its debtor. Many insurance companies will require premiums to be paid by direct debit.
- Disclosure
- This is the duty of any person when they are making an application for an insurance policy to disclose all relevant details that may affect the risk.
- Double indemnity
- Payment of twice the policy normal benefit for specific kinds of losses under certain conditions.
- Driving abroad extension
- A policy of UK insurance provides cover within England, Wales, Scotland, Northern Ireland, the Isle of Mann and the Channel Islands. The client will have to inform Endsleigh before travelling outside of these boundaries. The document that acknowledges this is known as a driving abroad extension.
- Driving other cars (doc)
- In some circumstances a policy will cover a client to drive vehicles other than the one named on the insurance schedule. The cover will only ever be the most basic and is intended for emergency use only. This is given free of charge but may not be included in policies for the disabled, young drivers or people involved in the motor trade.
- DVLA
- 'Driver and vehicle licensing authority'. The government department where details are kept of all of the vehicles on the road, and all of the people with driving licences.
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