How do we choose the best insurance? Is cheap better than value for money? It is important for driving instructors to understand the implications of motor insurance in respect to their business
The Road Traffic Act 1988 states that you must obtain motor insurance before you can drive your vehicle in a public place.
Motor insurance protects you, your vehicle and other motorists against liability in the event of any accident. It provides financial compensation to cover any injuries caused to people or their property. Road Traffic Act cover is the legal bare minimum which a driver can have. It is seldom used due to the inherent lack of protection, and the fact that to use it requires a massive cash bond to be lodged with the Secretary of State, which makes this option unrealistic for small businesses.
You should allow 45 minutes for this activity. Find the relevant pages in the Driving Instructor’s Handbook and read the information relating to motor insurance before starting the progress check. By the end of this section you will be able to understand the problems new drivers face finding suitable motor insurance and, as a result, be able to help them make informed choices.
The next 10 questions refer to insurance matters. They are followed by a short case study.