Thirty terms, in alphabetical order, each in one clear sentence – with a second, practical note here and there. The goal isn't legal completeness but usable understanding: so that reading a quote, a policy wording or a letter from the insurer doesn't turn into guesswork. The quick-start version: 15 basic terms in minutes.
- 30 terms in alphabetical order, explained in plain language – linking through to the deeper articles.
- The definitions are for guidance only: the exact content always comes from the relevant policy wording.
- For three-language equivalents: the HU–EN–DE mini dictionary is a separate article.
A–C
Adding/removing vehicles: bringing a vehicle into the fleet framework, or taking it out – with a proportional premium adjustment. Assistance: roadside assistance cover (on-site repair, towing); the exact scope varies by package. Beneficiary: the party to whom the insurer pays compensation – for a financed vehicle, the clause typically runs in favour of the lender. Cargo: the goods being carried – not a matter for vehicle insurance but for cargo cover: separate article. Casco: insurance covering damage to your own vehicle (collision, theft, natural hazards, glass), subject to a deductible. Claim payment: the insurer's payout for a covered claim, under the policy wording and the deductible. Claims line: the insurer's official claim notification channel – the fastest route for handling a claim. Claims record (claims history): the itemised history of the fleet's claim events. Common renewal date: the fleet's shared date for review and putting cover out to tender. Cover level: the extent of protection chosen for a given vehicle category.
D–G
Deductible: the part of a claim that stays with the company – the balance point between the casco premium and how much of the claim you carry yourself. European Accident Statement: the blue-and-yellow form for recording the facts at the scene – not an admission of liability. Exclusion: a scenario set out in the policy wording for which the insurer does not pay. Fleet administration: recording and moving the vehicles that belong to the fleet – adding and removing vehicles, updating data. Fleet composition: the fleet's structure by category, age and value – one of the factors in pricing. Fleet portal: the insurer's online interface for handling fleet matters. Framework agreement: the fleet contract's typical build – common terms and conditions plus a vehicle-level record. Green Card: the international document proving MTPL cover for trips abroad – available on request from the insurer.
L–M
Lapse of insurable interest: the end of the insurable interest (e.g. the vehicle is sold) – a typical reason cover ends. Leasing (finance/operating): financing arrangements where ownership and use sit with different parties – the contract sets out the insurance duties. Long-term rental: a long-term vehicle rental arrangement, typically bundled with a service package – the scope of cover depends on the contract. Loss ratio: the ratio of claims paid out to premiums paid in; the main driver of the fleet premium – separate article. Malus: the surcharge side of the retail bonus-malus system; in a fleet, the system typically works differently – on a claims-history basis. MNB: the National Bank of Hungary – supervises the insurance market and intermediaries, with a public register of intermediaries. MTPL: motor third-party liability insurance – cover for damage caused to others, a statutory requirement.
P–T
Personal effects cover: limited cover for personal items left in the vehicle – not the same as cargo cover. Property insurance: cover for on-site assets (buildings, stock, equipment) – it borders on fleet cover: premises article. Published tariff: the advance publication of MTPL tariffs on the MNB's platform (fleet tariffs must be published too) – within this framework, fleet premiums are typically individually priced, based on claims history. Registered keeper: the operator entered in the official vehicle document – typically the one liable for MTPL; failing that, the owner. Start of cover: the point in time from which cover is in force – separate article. Superstructure: equipment built onto the vehicle (box body, refrigeration unit, crane) – part of its value, so it should be included in the sum insured. Survey (loss assessment): assessing the damage (on site, or from photos submitted digitally) as the basis for the claim payment. Territorial scope: the group of countries in which cover applies – for casco, this is set out in the policy wording.
How to use the glossary
The glossary works best when it's close at hand: it's worth bookmarking in your browser and keeping open in another tab while you read a quote or a policy wording. If a term isn't here, there are two routes: search using the magnifying-glass button in the header (it searches the whole Insights hub), or just ask – when we go through a quote together, I'm happy to translate any term into everyday language. The definitions are deliberately short: the depth comes from the linked articles. And one promise: if in practice you come across a term that's missing here, let me know – the Insights hub is a living resource, and the glossary grows along with it.
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