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:
difference between compulsory and voluntary excess, vol xs, comp xs, excess, policy excess, excess, pay excess, voluntary excess, what is an excess, difference between excesses, do i need to pay voluntary excess, 
See also...
Information

Rate this help topic.

You can rank this document