If you had a 600 excess youd pay the first 600 and the insurer would pay the remainder.

What is a good amount of excess for car insurance. You can choose to reduce this excess amount to zero or increase it to up to 1500. For example if someone under the age of 21 causes an accident while driving your car youll have to pay your Basic Excess lets assume its 600 plus an additional excess. The total amount that your excess insurance will cover varies depending on the amount agreed between you and then insurer.

The injured customer wants a 1500000 settlement but your General Liability insurance has policy limits of up to 1000000 per occurrence. Next you lodge a claim with your insurer. Your insurer may have different types of excesses and some policies may have more than one applicable excess.

If you need a reminder of the excess amount you have agreed to you can find this on your most recent policy schedule or call us on 0800 500 213. You take a policy that includes a 500 excess on car repair claims. In a nutshell your excess is a fixed amount that you have to fork out if you make a claim.

The final number represents the maximum amount your insurance company will pay for property damage you cause. That includes damage to cars buildings or anything else that isnt a person 15. At Budget Direct Insurance the standard policy excess for cars is 600.

If youre under 21 sometimes youll have to pay an additional excess on top of the compulsory and voluntary payments. With car rental agreements this excess amount varies. What is car insurance excess.

Then you have an accident and the repair bill is 500. This insurance will pay for your excess in the case of an accident. How does car insurance excess work.