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What is an Excess?

excess
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What is an Excess?

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An excess (or deductable) is the first part of any claim that an insured person has to pay, usually a 65 excess is applicable per person per claim for losses relating to personal baggage, money, medical expenses, cancellation, curtailment, missed departure and wintersports equipment.

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An excess is a contributory amount you pay towards the cost of a claim. Most insurers set a compulsory excess and in addition you can choose an amount of voluntary excess. The higher the excess you are prepared to pay in the event of a claim, the lower your premium will be. Greenbee’s compulsory excess for most drivers is 150, however there are additional excesses for young and inexperienced drivers. You’ll need to check your policy summary if this applies. If a claim is not your fault, it may be possible to recover your excess from the party deemed to be at fault.

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This is an amount you must contribute towards the cost of a claim. You can choose to increase your excess; this option is available at the quote screen. This is an amount you must contribute towards the cost of a claim. You can choose to increase your excess; this option is available at the quote screen.

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An excess is the part of a claim that you will have to pay. Excesses are shown on our website, will be explained to you when you call and if you have bought a policy, these are shown on the schedule of insurance that we sent to you.

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An excess is the amount that you must first pay for each claim arising from the one event before a claim can be made under your policy. It is basically the ‘deductible’ on your insurance.

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