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Insurance glossary |
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R
- Registered keeper
- This is the person who looks after the vehicle on a day to day basis but does not actually own it.
- Renewal
- This is an agreement to continue insurance beyond the original term it was determined for. As an example, for a Car insurance policy, a renewal is likely to be made on an annual basis.
- Replacement car
- If a client's vehicle is off the road undergoing repair, in certain circumstances a replacement car may be provided free of charge.
- Rider policy
- Some policies offer the facility to ride any bike up to a certain CC. This is known as a rider policy.
- Risk
- Literally that which is being insured against - e.g. theft, accidental damage.
- Risk address
- The address that is actually being insured.
- Roadside Recovery
- A policy that provides recovery and repair services for vehicles/motorists for when they break down.
- Road Traffic Act
- The first Road Traffic Act (or 'RTA') was passed in 1930, the most recent in 1989-90. This is the legislation which, amongst other things, requires every vehicle on the road to be insured.
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Insurance glossary
Endsleigh Insurance Services Limited are authorised and regulated by the Financial Services Authority.
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