Jargon buster

Please note: the explanation of terms below is intended for guidance only; for contractual definitions, refer to the policy wordings.

Annual payment - a one-off payment in advance to cover a year’s insurance. This is the cheapest way of obtaining cover.

Annual policy - all Golfshield policies, even when paid by direct debit, are annual policies and cover you for a full 12 months unless cancelled by either party under our standard cancellation terms.

Certificate of insurance - the document that contains the terms and conditions under which your golf equipment is insured. See also policy wording.

Commencement date - the date that the policy starts.

Evidence of ownership - to pay out for an insurance claim, we need to be certain that you were/are the owner of the insured items. Evidence can be shown by, for example, an original receipt clearly showing the item and date of purchase. Alternative evidence can include a bank or credit card statement, photographs, a copy receipt from the retailer, packaging or literature.

Excess - this is the amount of money that you contribute towards the cost of a claim. With Golfshield there is no excess on your Golfshield insurance but there is a minimum claim amount of £100.

See also minimum claim.

Forcible and violent entry - entry to a property that clearly shows damage to the lock, building, room or vehicle, caused as a direct result of theft.

In vehicle - this covers your insured items whilst transported in a vehicle.

Insured location - this is a single, specified place where you store the insured items, typically your home.

Locked luggage compartment - this is a locked car boot or enclosed storage area of a saloon, estate or hatchback vehicle. If the vehicle does not have an enclosed boot or compartment, the golf equipment needs to be completely hidden from view.

Material facts - this is any piece of information that might affect our decision to provide you with insurance. Under UK law, you are obliged to advise us of any material facts, such as convictions for fraud, theft or dishonesty, prior claims or events, or any special terms or conditions that have been applied by previous insurers.This obligation applies at the time you arrange insurance and extends to any change in circumstances whilst you are insured with Golfshield

If facts come to light once your policy has started, we have the right to refuse payment for all or part of any claim you may make.

Minimum claim - we don’t handle claims for less than £100 – any claim over this amount is for the full amount and no excess is deducted.

Period of insurance - the length of time for which you are covered, all Golfshield policies run for a period of 12 months even when being paid by monthly direct debit.

Policy summary - this is a brief outline of the terms and conditions including any significant exclusions or conditions of an insurance policy. We are required by the Financial Services Authority to provide you with important keyfacts regarding your policy. The summary is not a substitute for reading the full policy wording.

Policy wording - this sets out in full the terms and conditions of your insurance cover. It is essential that you read the wording and comply with any terms and conditions it sets out. We have made it as straightforward as possible to read and understand.

Much of the information provided on this site is for guidance – only the relevant policy wording can be taken as a binding contract.

Premium - the amount you pay (either a single amount in advance or by credit agreement with PIN Finance Ltd) to provide insurance cover for your golf clubs, trolley, umbrella and specialist clothing.

Professional golfer - a person that derives more than 50% of their income from playing, teaching or coaching golf. A professional is also defined as someone that is employed by a golf club as a club professional.

Property - when we refer to property we don’t only mean buildings but also personal items, such as a laptop, a table or car… basically anything!

Replacement value - depending on the item, this would be:

• The new, undiscounted cost (including VAT) from a store or supplier
• A valuation (from a competent and reputable source) which is not older than 12 months prior to the start of the insurance.

Sum insured - this is the total value of your collection of golf equipment.

Terms of business - the basis on which you do business with us. Click for more information.

Unattended - for items to be covered under the policy, you need to be mindful of leaving them unattended. For the purposes of defining ‘unattended’ we say that unattended items are only covered when they are:

• Being used or held by you or a responsible adult
• Stored at the insured location, in a locked luggage compartment of a vehicle or kept in a locked room or cupboard