Insurance Info
The UK government introduced mandatory insurance in 1930. It required that every person who used a vehicle on the road to have at least third party personal injury insurance. These policies along with fire an theft and fully comprehensive insurance are available without a deposit.
This law was refined in The Road Traffic Act 1988, modified in 1991. Under the guidelines of this act a motorist either has to be insured have a security or the sum of £500,000, as of 1991, has to be deposited with the Accountant General of the Supreme Court, to cover their liability for incidents/accidents on the road. This includes injuries to others (including passengers) and for damage to other persons’ property resulting from use of a vehicle on a public road or in other public places.
Third party insurance satisfies the requirements of The Road Traffic act. Without third party insurance it is an offence to drive your car or allow others to drive your car on a public highway. (or public place Section 143(1)(a) RTA 1988 as amended 1991). Private land is exempt from such legislation.
Vehicles owned by nationalised institutions (councils and local authorities, national park authorities, education authorities, police authorities, fire authorities, heath service bodies and security services) are exempted by the act and do not have to pay premiums.
