Glossary of Terms

We all know that motorcycle insurance can be a minefield with all the different unfamiliar phrases, so we have compiled a list of key terms and what they actually mean - which should hopefully simplify things a little!

The insured/you/policyholder: The person or people described as the insured in the policy schedule.
Insurer/your insurer: The insurer named in the policy schedule.
Proposal Form/Statement of Fact: The document recording the statements made and information provided by or for you when you apply for cover.
Policy: The policy booklet, policy schedule, proposal confirmation and certificate of motor insurance.
Policy Schedule: Your details, those of your motorcycle and the insurance protection which is provided for you by the insurer.
Certificate of Motor Insurance: A document that you must have as evidence that you have the minimum motor insurance necessary to comply with the law. It shows who can ride your motorcycle, dates applicable, what purposes it can be used for and whether you are permitted to ride other motorcycles.
Period of Insurance: The period of time covered by this policy as shown in the policy schedule and any further period for which your insurer agrees to insure you.
Market Value: The cost of replacing your motorcycle with one of a similar type and condition.
Endorsement: Changes in the terms, exceptions and conditions of your policy. Applicable endorsements are shown on your current policy schedule.
Accessories: Additional or supplementary parts of your motorcycle that have been fitted after its manufacture and are not directly related to its function as a motorcycle, i.e. Top boxes, tank bags and other luggage carriers (while fitted to your motorcycle), after market exhaust and any other add-ons.
Excess: The amount of any claim you will have to pay if your motorcycle is lost, stolen or damaged.