Car Insurance Difference Between Compulsory And Voluntary Excess

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Wise Owl Series (Eps 6) - Types of Motor Insurance ExcessSep 24, 2013. The excess is the first portion of any claim which must be borne by the. stipulate a higher excess than for the voluntary/compulsory excess.

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An excess is the amount you have agreed, when purchasing the policy, to pay if. Depending on the vehicle and overall risk, some policies include a minimum compulsory excess. You cannot add a voluntary excess to a third party, fire and theft policy. What is the difference between voluntary and compulsory excess?

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Van insurance policy excess. Most insurance policies have a compulsory excess that the insured will need to pay towards any repairs or reimbursement of stolen property.

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Jan 8, 2013. Excess refers to the amount you have to pay in an event you make a claim to your car insurance. It can be either policy excess or compulsory.

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This will include your voluntary amount and any other compulsory excesses shown. young or inexperienced driver excess, vehicle/policy excess (additional own damage, What is the difference between voluntary and compulsory excess ?