Excess Insurance
Insurance excess is the amount of money you have to pay if you make a claim on your insurance policy. For example, if you have an excess of £100 and the claim you are making is for £600, then you would pay the first £100 and the insurer would pay the remaining £500. Usually, the higher your excess, the less you pay for your insurance policy. In certain circumstances, the excess is payable even if the claim is not your fault (although the cost can often be reclaimed from the at-fault driver on car insurance policies).
Excess insurance is an extra level of protection which covers your excess. If, for whatever reason, you need to make a claim on your current insurance policy, the excess insurance policy will ensure your excess is paid back to you (up to a pre-agreed limit).
By and large most customers will find that the higher you are willing to set your excess the lower the premium on your policy will be.
Insurance excess is the amount of money you have to pay if you make a claim on your insurance policy. For example, if you have an excess of £100 and the claim you are making is for £600, then you would pay the first £100 and the insurer would pay the remaining £500. Usually, the higher your excess, the less you pay for your insurance policy. In certain circumstances, the excess is payable even if the claim is not your fault (although the cost can often be reclaimed from the at-fault driver on car insurance policies).
Excess insurance is an extra level of protection which covers your excess. If, for whatever reason, you need to make a claim on your current insurance policy, the excess insurance policy will ensure your excess is paid back to you (up to a pre-agreed limit).
By and large most customers will find that the higher you are willing to set your excess the lower the premium on your policy will be.
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