Q2) What is Excess? This usually refers to the amount one has to pay in event of own damage claims. In other words, this is the amount that the insurer will not pay. For example, the insurer will not pay if the total claim amount is less than the Excess. With Excess imposed, insurers hope that insureds (that means you and me) will take greater care in being responsible with the car.
Tip: You can reduce your insurance premium by requesting for a higher Excess.
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