theory test aaaaahhhh

[benbilsland]

What does it mean when your insurance policy has an exces of �100??

[fatotter]

It means that your covered for the first �100 of any damage should you have an accident. are you fully comp or third party?

[hippyhoppy]

It means that if you make a claim then you will have to pay the first �100 of any costs.

[Yorks lad]

hippyhoppy is right that you have to pay the first �100 of any clain

[fatotter]

Doh! i am soo back to front!

If you are fully comp and the accident was not your fault most insurance companies will waive this fee once liability has been admitted by the other side or they will refund you at the end of any such claim

[vesperalley]

Yeah it means that you have to pay the first �100 of the claim, even if the claim was only �101 you would still be liable to pay the first �100.

Basically if you think the excess will be more than you can claim dont do it!! Its exactly the same when taking out holiday insurance, if your claiming for something lost or stolen, check that the excess is not too high.

Our train back from Venice was cancelled as there was a strike in France, we had to pay for flights and then claim the money back.....However, the excess for the claim was �150. The plane tickets only cost us �91. As you can guess we didnt claim....