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
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
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