What is a Home Insurance policy excess?

Answer:
            This is the part of the claim that you have to pay – the insurer covers you for the remaining amount. Your claims consultant will inform you of the amount of the excess applicable for your claim and details can also be found in your Policy Schedule.

The amount of policy excess will be deducted from the settlement of your claim.

What is a car insurance policy excess?

Answer:
             The excess is the amount you have to pay if you make a claim on your insurance. There are two types of excess - compulsory and voluntary.
Compulsory Excess::
                                                 The compulsory excess is a fixed excess set by the insurer and it varies depending on the type of car and a driver’s age and experience.  The compulsory excess cannot be changed.

Voluntary Excess:
                                           The voluntary excess is an additional excess amount set by you - a higher voluntary excess can result in a lower premium being charged. Any voluntary excess and the compulsory excess will be added together to create the total excess for each driver

Life Insurance from LV

With premiums starting from just £5 a month and our secure, quick and easy application you could be covered instantly - leaving you with one less thing to worry about.

Life-Insurance

The information below shouldn't be considered as advice to take out LV= Life Insurance. It's up to you to decide if it's right for you. If you're unsure you should speak to a Financial Adviser.

Life Insurance Quick Guide:

•  No minimum amount of cover.
• You can choose from level or decreasing cover.
• Cover from just £5 a month.
• Simple online application.
• Single and joint cover available.
• Get a quick quote in minutes.
• Your premium is fixed.
• Cover up to £500,000
• (restricted to £300,000 if you're 56-65, or £200,000 if you're 66 to 69 when you apply).
• Pays out if you die during the plan term.
• If you're diagnosed with a terminal illness during the plan term you can ask us to pay out your cover early.
• If you need more cover, you can take out additional plans.

Important things you should know:

1. If you choose level cover, the amount of cover is fixed when your plan starts and doesn't change. It won't keep up with inflation and will buy less in the future.
2. If you cancel your plan, you won't be covered and you won't get anything back. This plan has no cash-in value at any time. 
3. After your plan has been issued, you can't change it. So if you need to increase your cover amount or change your plan, you'll need to take out a new one.
4. If you die, we'll normally pay the lump sum to your estate. Inheritance tax could apply to the part that's worth over £325,000 (tax year 2010/2011).
5. If you're diagnosed with a terminal illness, and want us to pay out your cover, we'll reduce the amount we pay you by 3%.
6. The amount of cover available depends on your personal circumstances such as your age and sex, and whether you smoke or not.