Glossary

Agreed Value

Your vehicle's agreed value is set at the beginning of each period of cover. It is based on the fair value given then for your vehicle's make and model. The agreed value doesn't change for the period of cover.

Together we work out what your vehicle is worth, so you know exactly what we’ll pay if it’s written off or stolen. The Agreed Value of your vehicle is written on your policy schedule.

Accident

When something sudden and unexpected happens which causes damage or loss to your property.

Accessories

Things which have been added to your car like stereos, mag wheels and navigation systems.  Accessories can increase your car’s value, but also often increase the chance that your car will be broken into or stolen.