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How much you have to pay if you make a claim on your insurance i.e if your car costs £750 to repair and your excess is £250 the insurance company will only pay £500
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∙ 13y ago
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What does compulsory insurance mean?
Compulsory insurance usually refers to the least amount of cover for a product you can buy from insurance companies whilst still being legal in the case of car insurance.
What are the key benefits of 'Tesco Value Car Insurance'?
The key benefits of Tesco Value Car Insurance are: has a higher compulsory excess, and it is arranged and administered by Tesco Bank which is underwritten by insurers.
Is car insurance compulsory in America?
Yes, always.
How can someone get the car rental excess insurance for free?
To get your car rental excess insurance for free the following steps need to be taken. Take out car hire excess reimbursement insurance and make a claim on it.
What is excess and deductible?
Insurers provide a deductible in a motor insurance so that from every claim this amount is deducted irrespective of the claim quantum. In some policies this is a compulsory deductible depending on the type of car. In some cases a deductible is imposed because of adverse claim experience. In some case the insured is given an option of providing for a deductible. These deductibles are also known as excess - compulsory excess, imposed excess or voluntary excess.
What does CTP green slip insurance mean?
CTP green slip insurance refers to compulsory third party personal injury insurance. This is required insurance to be bought when registering a car that provides coverage when the person driving the car is at fault in an accident.
Need auto insurance to be able to get a drivers license?
Car insurance is compulsory in order to take a drive test.
Do you have to put insurance on the car upon transferring a title?
Depends on the state. Generally if a state has compulsory auto insurance, and the car is registered/has plates/is legal to drive, you must have auto insurance for it.
Can you drive your parents car with a permit if you are not on their insurance?
if you have licence, and you have permission to driver the car, then you can drive the car,but laws change from state to state,so in some countries, insurance is compulsory to drive the car
What is meant by an excess on an insurance claim in terms of comprehensive car insurance?
The excess is what the policy holder has to pay before the insurance company starts to pay. If excess is $100 Damage is $300 the policy holder gets $200.
Where can one go to compare car hire excess insurance rates?
Car Hire Excess Insurance rates can be compared using the service at Hire Excess, TravelSupermarket or Worldwide Insure. Martin Lewis also gives tips on saving money on this insurance on the Money Saving Expert website.
Do I need collision car insurance in New Jersey?
Insurance is compulsory wherever you may live. IT will always be recommended that you have collision insurance as accidents can occur anytime and anywhere.
