Template Details

Document Is there a difference between compulsory and voluntary excess?

A compulsory excess is set by the insurer and is not negotiable. However a voluntary excess can be applied to reduce the insurance premium, which must be paid along with the compulsory excess in the event of a claim. You must decide whether the discount to the premium is reasonable compensation to the risk of having to pay an increased amount if you have to claim.
Fields
Description:
voluntary excess, compulsory excess, excess amount, do i have to pay excess, why is my excess high, excess amount to high, big excess, smaller excess 
Information

Rate this help topic.

You can rank this document