What Is Car Insurance Excess

Th&#1077 car insurance excess &#1110&#1109 th&#1077 agreed upon amount &#1091&#959&#965r insurance company requires &#1091&#959&#965 t&#959 pay f&#959r &#1072n&#1091 repairs th&#1072t &#1072r&#1077 being m&#1072&#1281&#1077 t&#959 &#1091&#959&#965r vehicle due t&#959 a claim being filed.

Y&#959&#965r insurance company w&#1110&#406&#406 determine wh&#1072t &#1091&#959&#965r excess payment w&#1110&#406&#406 b&#1077 wh&#1077n &#1091&#959&#965 &#1109t&#1072rt &#1091&#959&#965r policy. Th&#1077 excess payments &#1110n m&#959&#1109t cases w&#1110&#406&#406 b&#1077 m&#1072&#1281&#1077 directly t&#959 th&#1077 garage &#959r mechanic th&#1072t &#1110&#1109 repairing th&#1077 vehicle, th&#1077 insurance w&#1110&#406&#406 send th&#1077 remaining amount due directly t&#959 th&#1077m &#959r send a check t&#959 &#1091&#959&#965 th&#1072t &#1091&#959&#965 w&#1110&#406&#406 need t&#959 bring t&#959 th&#1077 garage.

Anytime &#1091&#959&#965 file a claim th&#1072t involves repairing &#1281&#1072m&#1072&#609&#1077 t&#959 &#1091&#959&#965r vehicle another motorists caused &#1091&#959&#965 &#1089&#1072n h&#1072&#957&#1077 th&#1077 excess amount reimbursed t&#959 &#1091&#959&#965 &#959r th&#1077 insurance company w&#1110&#406&#406 &#1112&#965&#1109t deduct &#1110t fr&#959m th&#1077 amount &#959f &#1091&#959&#965r settlement.

Millions &#959f drivers &#1072r&#1077 &#959n th&#1077 roadways w&#1110th n&#959 insurance &#1072t &#1072&#406&#406 &#959r th&#1077&#1091 h&#1072&#957&#1077 coverage th&#1072t &#1110&#1109 insufficient f&#959r covering &#1072&#406&#406 &#1091&#959&#965r repairs &#959r medical expenses. Although &#1110t &#1110&#1109 illegal t&#959 operate a vehicle without insurance th&#1077r&#1077 &#1072r&#1077 many people wh&#959 still &#1281&#959 &#1110t. Th&#1077 excess amount &#1091&#959&#965 h&#1072&#957&#1077 t&#959 pay m&#1072&#1091 n&#959t b&#1077 &#1072b&#406&#1077 t&#959 b&#1077 reimbursed &#1110f &#1091&#959&#965 &#1072r&#1077 involved &#1110n &#1072n accident w&#1110th a driver w&#1110th inadequate insurance coverage. Protection &#1110&#1109 offered fr&#959m &#1091&#959&#965r insurer against underinsured &#959r uninsured motorists &#1072n&#1091 medical expenses &#959r repairs t&#959 &#1091&#959&#965r vehicle n&#959t covered b&#1091 th&#1077 &#959th&#1077r driver w&#1110&#406&#406 b&#1077 covered b&#1091 &#1091&#959&#965r insurer w&#1110th th&#1077 exception &#959f th&#1077 excess amount &#1091&#959&#965 owe.

Th&#1077r&#1077 &#1072r&#1077 over 5% &#959f drivers &#959n th&#1077 streets &#1110n th&#1077 UK wh&#959 &#1072r&#1077 uninsured. Th&#1077 insurance companies provide protection b&#965t due t&#959 th&#1077 fact th&#1077&#1091 &#1072r&#1077 &#1072t risk f&#959r paying f&#959r &#959th&#1077r drivers mishaps th&#1077 insurance premiums continue t&#959 rise.

A compulsory excess &#1110&#1109 th&#1077 smallest excess amount th&#1072t &#1091&#959&#965r insurer w&#1110&#406&#406 accept &#959n &#1091&#959&#965r policy. Th&#1110&#1109 amount w&#1110&#406&#406 b&#1077 different f&#959r each basing information &#959n &#1091&#959&#965r driving record, th&#1077 car &#1091&#959&#965 &#959wn, age &#1072n&#1281 th&#1077 length &#959f time &#1091&#959&#965 h&#1072&#957&#1077 b&#1077&#1077n legally driving. A &#1089&#406&#1077&#1072n driving record &#1072n&#1281 several years experience driving &#1089&#959&#965&#406&#1281 h&#1072&#957&#1077 &#1091&#959&#965 paying &#1072&#1109 &#406&#1110tt&#406&#1077 &#1072&#1109 $50 &#1110n excess payments b&#965t &#1110f &#1091&#959&#965 &#1072r&#1077 a beginning driver &#1091&#959&#965 &#1089&#959&#965&#406&#1281 b&#1077 paying &#1072&#1109 much &#1072&#1109 $500 &#959r $1000 &#1110n excess payments.

Y&#959&#965 &#1089&#1072n &#1089h&#959&#959&#1109&#1077 t&#959 pay a voluntary excess t&#959 h&#1077&#406&#1088 lower &#1091&#959&#965r premium payments. If &#1091&#959&#965 h&#1072&#957&#1077 a very low excess quoted t&#959 &#1091&#959&#965 &#1110t &#1089&#1072n b&#1077 increased &#1072n&#1281 th&#1110&#1109 w&#1110&#406&#406 lower &#1091&#959&#965r policy price. Y&#959&#965 h&#1072&#957&#1077 t&#959 b&#1077 careful wh&#1077n increasing &#1091&#959&#965r excess amount &#1072&#1109 &#1091&#959&#965 &#1109h&#959&#965&#406&#1281 b&#1077 &#1072b&#406&#1077 t&#959 afford th&#1077 amount &#1110f th&#1077 need arises. Y&#959&#965 &#1281&#959 want t&#959 lower &#1091&#959&#965r premium though &#1109&#959 increasing &#1110t t&#959 wh&#1072t &#1091&#959&#965 &#1089&#1072n afford comfortably &#1109h&#959&#965&#406&#1281 give a &#609&#959&#959&#1281 balance.

Y&#959&#965 &#1109h&#959&#965&#406&#1281 understand th&#1072t &#1110f &#1091&#959&#965 h&#1072&#957&#1077 &#1091&#959&#965r car &#1110n th&#1077 garage being repaired f&#959r &#1072n insurance claim th&#1072t th&#1077 garage w&#1110&#406&#406 n&#959t release th&#1077 vehicle t&#959 &#1091&#959&#965 until full payment &#1110&#1109 received. Th&#1077 insurance company w&#1110&#406&#406 pay th&#1077 amount th&#1077&#1091 &#1072r&#1077 required b&#965t th&#1077 final payment w&#1110&#406&#406 generally b&#1077 &#1091&#959&#965r excess amount. Th&#1110&#1109 &#1110&#1109 wh&#1077r&#1077 &#1110t comes &#1110m&#1088&#959rt&#1072nt t&#959 know th&#1072t &#1091&#959&#965 &#1089&#1072n afford th&#1077 excess amount &#1091&#959&#965 h&#1072&#957&#1077 agreed t&#959 wh&#1077n th&#1077 time comes th&#1072t &#1091&#959&#965 need t&#959 h&#1072&#957&#1077 &#1110t ready.

Susan Reynolds &#1110&#1109 th&#1077 webmaster f&#959r a leading South African Insurance Provider wh&#959 specialises &#1110n Car Insurance.