Jargon Buster

 

 

Accident Statement
The European accident statement and the Green Card should be kept in the glove compartment of your car during car journeys. In case of an accident the parties involved complete the statement together. The text of the statement is the same in all languages, which prevents translation problems. A correctly completed accident statement guarantees that all information necessary to process your claim is available.
Approved repairer
A garage approved by the insurance company to carry out a high standard of workmanship.
APR
Annual Percentage Rate - A percentage calculation that reflects the total cost of a loan (interest plus all fees) on an annual basis.