When you make a claim on an insurance policy, you will normally have to pay some of the costs yourself, and this sum is referred to an 'excess'. Generally, most customers find that the higher you are willing to set the excess, the lower the premium on your policy will be. This figure is almost totally dependent on you, your age and your claims history. Choosing the right level of excess can help you make sure you get the best deal. Most people are familiar with this when taking out motor insurance, but did you know you can now actually insure your excess and extend this to cover a wide range of other policies? This is really good news for policy holders – and the key benefits include:
>Excess cover levels from £250 to £2,000 – so plenty of flexibility
>Available for motor, home, travel and pet insurance
>Allows you to protect yourself against having to pay the excess on a policy issued in your name, insured by a UK insurers and which is regulated by the FSA
>You no longer have to worry about being out of pocket for the dreaded excess amount! Once the claim is settled by your insurance company (regardless of fault or non-fault) your excess will be refunded!
To learn more, give us a quick call on 0208 308 0888.
Contact Westhill Insurance Services, today.