Meaning Compulsory excess
What does Compulsory excess mean? Here you find 5 meanings of the word Compulsory excess. You can also add a definition of Compulsory excess yourself
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Compulsory excessThe non-negotiable amount set by your insurer that you have to pay should you claim. Depends on variables such as your age and type of car.
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Compulsory excessThe amount towards a claim you’ll have to pay and that the insurance company fixes.
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Compulsory excessIf your car is lost, damaged or stolen, you will be required to bear an amount of the claim’s settlement.
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Compulsory excessSee excess
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Compulsory excessMost insurance policies include a policy excess. This is the first part of any claim that a policyholder has to pay themselves. A compulsory excess can be applied in addition to the standard excess this is set by the insurer and will be shown in your schedule.
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