Quote

ACCIDENT

An unexpected or unforeseeable event that may cause damage to your car or someone else’s car or property. Dang!

BREAKDOWN

If your car has ‘broken down’ it has stopped working due to an electrical or mechanical failure. This could be because of a dead battery, running out of petrol, car overheating or a flat tyre – but breakdowns can happen for a bunch of reasons, so take a squiz at the PDS to see what’s covered.

COMPREHENSIVE CAR INSURANCE

Comprehensive car insurance provides cover for damage to your car, as well as damage your car may cause other people’s cars and property. Yep, it’s what we do!

DEPRECIATION

Depreciation represents the decrease in a car or item’s value over time. Basically, your shiny new purchase becomes a little less shiny…

ENDORSEMENT

An endorsement can be any type of change to the original terms of your insurance policy, such as adding a new driver or changing the address where your car is stored. Insurance premiums may be affected as a result. Got it!

FUDGE!

And not the gooey chocolatey kind… More like the kind you may yell following an accident, realising you didn’t have comprehensive car insurance. Oops.

GREEN SLIP

In NSW, Compulsory Third Party (CTP) insurance is called a Green Slip. CTP is mandatory in Australia, meaning you can’t hit the road without it. Other types of car insurance are optional, but in our opinion, worth checking out (winky face)!

HIRE CAR

If your car’s in the shop getting repaired for a covered incident, you may get a hire car or rental to drive while yours is out of action. With us, you can choose any form of transport you can think of – up to $80 per day for up to 21 days. Horse? Helicopter? Hoverboard?

INSURANCE CERTIFICATE

The Insurance Certificate is proof of your policy. Hang on to this one. It details what your policy covers including the policyholders, listed drivers and single car value for each of the cars you have insured on the policy.

JARGON

What you won’t think about insurance lingo once you’re through this A-Z. You’re almost halfway to speaking our language.

KILOMETRE

Back to basics. A kilometre is a metric unit that measures how far you’ve travelled, equal to 1,000 metres. You’ll be able to see the kilometres your car has travelled over its lifetime on the car’s odometer.

LISTED DRIVER

Listed or nominated drivers are the people covered in your policy as a driver of your car. AKA they’re approved to drive your car.

MODIFICATIONS

Modifications are any changes to the car, including the body, engine, suspension, paintwork or wheels that may affect its safety, value or performance. Think things like spoilers, turbochargers, brakes and suspension. Be sure to check the PDS to see what you’re covered for.

NOT-AT-FAULT ACCIDENT

Breathe. A not-at-fault accident means that you weren’t responsible for an accident in any way. Generally, in this case, the other party is usually deemed “at-fault”.

OFF-ROAD

Off-road is driving on surfaces that are not paved or designed for conventional vehicles, like bush bashing, rugged terrain, or wilderness areas. Check your policy to see what you’re covered for.

PREMIUM

An insurance premium is the amount you pay for your insurance policy, including government charges, levies, taxes and duties. It will be shown on your Insurance Certificate

QUOTE

An insurance quote is the estimated cost of a policy based on the info you provide to the insurer and the level of coverage you choose. We know you’re busy, so we’ve kept getting a quote with us simple.

ROADWORTHY

A car is considered roadworthy if it meets accepted standards and is in good enough condition to be driven safely. Because safety first, always.

SUM INSURED

The sum insured is the max dollar amount that an insurance company will cover in the event of a write-off or total loss. It may be either a market value or agreed value and should be listed on your Insurance Certificate.

TOTAL LOSS (OR WRITE-OFF)

Speaking of total loss... If your car is written off or a ‘total loss’, your insurer has decided that it cannot be repaired to a safe condition or is too expensive to repair. If you have a comprehensive car insurance policy, you’ll be paid out its value (shown on your Insurance Certificate) or receive a similar car as a replacement.

UNDERWRITING

Underwriting is the method insurers use to assess and price risk. It involves evaluating the likelihood and severity of the risk associated with offering insurance coverage to an individual or entity. Based on this assessment, insurers decide whether to accept the risk and determine the premium that should be charged to insure it. (Ok that was a big one).

VANDALISM

Vandalism refers to intentional damage caused by someone else to your car or property, without your consent. Basically, it’s the act of causing damage for the sake of causing damage. Yikes!

WINDSCREEN

The most common type of windscreen damage is chips and cracks. It may be a result of flying debris, collision, or extreme temperature. Cover for windscreen and window glass may be an optional extra, or included as standard (as it is with us - with no excess on your first covered windscreen repair!)

Always read the PDS and TMDs from ROLLiN’ Insurance at rollininsurance.com.au

(E)XCESS

Excess is the out-of-pocket amount you may need to pay your insurance provider for a claim you lodge as a result of an insured event.

YOUNG DRIVER

If you’re under the age of 25 you are considered a young driver. Young drivers may have a Learners or Provisional drivers’ license. Spoiler alert: at ROLLiN’, we don’t charge an additional excess based on your age.

ZZZZZ.....

The sound of a good night’s sleep, knowing a little more about car insurance. Dreaming of driving safely…

This is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant Product Disclosure Statement. Product Disclosure Statement and Target Market Determination are available from rollininsurance.com.au. Insurance issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as Rollin’ Insurance.