Our twelfth insurance phrase of the week is: Car Year
Definition: Equal to 365 days of insured coverage for a single vehicle. It is the standard measurement for motor insurance.
For example if you see a statement such as the following, the word ‘year’ is equivalent to 365 days:-
‘Get one months FREE car insurance in the first year and two months FREE car insurance in the second year, and every year after that unless you claim.’
Pretty straightforward – I hope it’s clear?!