Excess Insurance will cover:-
Voluntary and compulsory excess
Both excesses are covered following fault insurance claims for: accidental damage, theft, fire, vandalism, claims that were partially your fault or claims where, within 6 months, your insurers are unable to recover from the liable third party.
£250 or £500 excess cover limit
You can select to cover an excess cover limit of either: £250 or £500 on your personal motor insurance policy. Your excess will be reimbursed following the settlement of your motor claim.
The excess insurance policy covers one motor vehicle only, so if you have another motor policy then a separate policy will be required. Our online customer journey allows you to purchase multiple excess policies in one simple process.
How it works
Unfortunately, accidents do happen and vehicles get damaged; they can also be vandalised or stolen. If you claim on your main motor insurance and you don't have excess cover, you might be financially worse-off than if you have an excess insurance policy, as the excess policy will reimburse you your excess.
Once the excess has been used, the policy is cancelled or will lapse on the policy expiry date if no claim is made. After this, you will be responsible for any future excess payments.
Example for when you would claim back your excess
If you had to make a fault claim on your motor insurance policy you will be responsible for paying any excess. With excess insurance you can claim the amount of your excess back, subject to the terms and conditions of the policy.
1. Your vehicle may have been stolen and your insurer has paid you the current market value of the car, less the £250 excess. If you have purchased an excess policy, this amount can be claimed and reimbursed to you once the claim is settled.
For full terms and conditions please refer to the policy wording.