This reduces the renters liability from the standard excess to a reduced amount as seen in the table below.

What is standard excess for car insurance. In a nutshell your excess is a fixed amount that you have to fork out if you make a claim. This is standard across all AAMI policies unless otherwise stated in your PDS. Heres a list of the main different types of car excess you may come across.

As a basic example if you make a claim for 1000 and your excess is 250 youll be expected to pay 250 of the costs while. Excess Reduction ER Travel worry free when you add Excess Reduction ER to your booking. The standard excess is the amount you pay for any claim for loss of or damage to your car.

Compulsory deductible or excess for car insurance is that amount that is mandatorily deducted by insurance companies on each and every claim you make. You can choose to reduce this excess amount to zero or increase it to up to 1500. The PDS for any insurance product details what is and what isnt included in that product so make sure to.

So if your excess is 250 and you make a claim for 1000 your car insurance provider will keep the first 250 and give you the remaining 750. Most insurance policies have a standard excess or a voluntary excess. For example if your standard excess is 500 and your repair claim is 2000 that means youll have to pay 500 while your insurance company pays the remaining 1500.

What is the standard excess for car insurance. It is a fixed amount that depends on the type. When you fill out a quote your excess will usually default at.

You choose the upper limit of your excess insurance. A standard excess applies to all motor insurance claims unless stated otherwise in your Product Disclosure Statement PDS. Depending on your level and type of cover you can increase your excess by choosing a voluntary excess from the range we offer between 200 and 2000 to reduce your premium.