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Insurance excess payments


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Whats all that about

 

I've just made a claim (for the very first time) on my house ins for 2 electrical items that got damaged in one week.

 

On contacting the company I was told that there would be 2x £50 excess to pay

 

Surely this is like bank chgs - disporportionate to the cost of adminstrating the claim

 

Any views :confused:

I'm not an expert so check everything I tell you, however click me scales if I've been useful.

Light travels faster than sound. This is why some people appear bright until you hear them speak.

 

There is no freemasonry like the freemasonry of Golf

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Hi Conar,

 

If the damage was 2 separate incidents then I'm afraid that the insurers are correct. The excess will apply to each "event" unless the second loss was a direct result of the first appliance failing.

 

The excess is not an admin charge but a proportion of the risk met by the policyholder i.e. you. The cost of administering the claim is built into the annual premium.

 

Some policies may not have an excess however will cost a lot more than where there is an excess.

:p :p If my advice as been of help, please give me a quick click on the scales to your right ;) ;) :)
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Ok nuff said - just being a Jock I suppose

I'm not an expert so check everything I tell you, however click me scales if I've been useful.

Light travels faster than sound. This is why some people appear bright until you hear them speak.

 

There is no freemasonry like the freemasonry of Golf

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