Insurance

[benbilsland]

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

[fatotter]

I have answered this in your first question under theory test aaaaahhhhh! i did mine a few months ago, its a crappy nightmare! - but ok if you know what to expect

[pauln90]

It means that in the event of a claim you pay the first �100 towards the cost of repair

[spaced]

for example, if damage is �500, you pay �100 and insurers pay �400.

the higher the excess, the lower the insurance premium

[fengibbon]

spaced - to a point.......