No, you can only claim in the event of a settled claim of your main insurance policy which exceeds the policy excess.
The main reason to take out excess insurance is to so that you don’t need to pay the policy excess if you make a claim, especially because the cost of XS insurance will be less than the amount of XS you must pay on your policy.
That said, experience has shown that in some circumstances, choosing a higher excess amount significantly reduces the cost of the main policy because the risk to the insurer has reduced. This in turn leaves scope to pay for XS insurance which can show an overall saving despite you paying for 2 policies.Even so, this policy has a set aggregate limit of £1000.
Policies are for a term of one year but are renewable. You will be contacted prior to the renewal date to take your instructions.
The aggregate level of cover or claim benefit is £1000 and is the total that can be paid out on either one or more claims until that total is reached. See the question below “Can I claim more than once on my XS policy?”
The easiest and quickest way is to claim via the claims web site because the internet solution allows you to enter all the necessary details required to settle your claim: https://www.excessclaim.co.uk but if you don’t have access to the internet, you can also contact the helpline on 0345 600 0034.
You will need to quote your scheme code, which will be found in the How do I Make a Claim section of your policy wording.
The insurers are covered by the Financial Services Compensation Scheme (FSCS) established under the Financial Services and Markets Act 2000. You may be entitled to compensation of up to 90% of the cost of your claim in the unlikely event that the insurer cannot meet its obligations. Further information about compensation scheme arrangements is available at www.fscs.org.uk
You will be paid an amount equal to the excess in relation to each settled claim on your home insurance policy up to the annual aggregate limit in respect of claims arising from:
This home XS insurance policy covers one main residence only.
You must be a person who is permanently resident in the United Kingdom.
The online quote process and application forms are quick and easy to complete, so, in the main only basic details are required.
No, it is not a legal requirement. Nevertheless, if you have an excess on your main policy, you should plan for how that liability is going to be met and it makes sense to consider XS insurance as a part of that process because the premiums will be substantially less than the Excess amount that you must pay.
The aggregate limit of cover is £1000.
At any time.
Cover is provided for the reimbursement of the excess of your home insurance policy (main residence only so long as you are resident in the UK).
It is payable following a successful fault-based claim in relation to each settled claim up to the annual aggregate limit of your XS policy.
Potentially yes. You will be paid an amount equal to the excess in relation to each settled claim on your policy up to the annual aggregate limit of £1000.
It can be possible to take out Excess protection for more than your main policy excess. In this way, if you make multiple claims you would have greater excess cover e.g. if your main policy excess is £500, then your £1,000 of XS protection under this policy will cover for 2 claims. However, once the aggregate limit of your XS cover is reached, you can’t make any further claims.
The aggregate level of cover or claim benefit is the maximum total that can be paid out on either one or more claims until that total is reached i.e. the total of XS cover you have selected. See the question below “Can I claim more than once on my XS policy?”
The easiest and quickest way is to claim via the claims web site because the internet solution allows you to enter all the necessary details required to settle your claim: https://www.excessclaim.co.uk but if you don’t have access to the internet, you can also contact the helpline on 0345 600 0034.
You will need to quote your scheme code, which will be found in the How do I Make a Claim section of your policy wording.
Cover is provided for the reimbursement of an amount equal to the excess in relation to each settled claim on your main commercial insurance policy, up to the annual aggregate limit in respect of claims arising from a commercial insurance claim only.
Your insurer may offer you the opportunity to choose a voluntary excess i.e. an amount that you choose. Insurance comparison sites often provide an option to add or increase excesses too. Having a larger voluntary excess could make your premiums cheaper, which sounds perfect, but if you also have a compulsory excess and make a claim, you must pay the combined total of your compulsory and voluntary excesses. This is why XS insurance should be considered.
The insurer will pay you any excess, up to the annual aggregate limit incurred for settled commercial claims under the following sections, or the equivalent of:
This policy will cover any excess paid as a result of a claim for one of your business premises. Each policy shall cover a maximum of three business premises. Should the you have more than three business premises then a further policy shall be required for every three additional locations.
Potentially yes. You will be paid an amount equal to the excess in relation to each settled claim on your policy up to the annual aggregate limit.
It can be possible to take out XS protection for more than your main policy excess. In this way, if you make multiple claims you would have greater excess cover e.g. if your main policy excess is £500, then you could take out £1,000 of XS protection. If you then made two claims with your insurer, and had to pay your excess twice, then you’d also be able to claim twice on your XS protection policy. However, once the aggregate limit of your excess cover is reached, you can’t make any further claims.
The aggregate limit of cover options available are:
The insurers are covered by the Financial Services Compensation Scheme (FSCS) established under the Financial Services and Markets Act 2000. You may be entitled to compensation of up to 90% of the cost of your claim in the unlikely event that the insurer cannot meet its obligations. Further information about compensation scheme arrangements is available at www.fscs.org.uk
Policies are for a term of one year but are renewable. You will be contacted prior to the renewal date to take your instructions.
Cover is provided for the reimbursement of an amount equal to the excess in relation to each settled claim on your main commercial insurance policy, up to the annual aggregate limit in respect of claims arising from a commercial insurance claim only.
At any time.
The aggregate limit of cover options available are:
The main reason to take out excess insurance is to so that you don’t need to pay the policy excess if you make a claim.
That said, experience has shown that in some circumstances, choosing a higher excess amount significantly reduces the cost of the main policy because the risk to the insurer has reduced. This in turn leaves scope to pay for XS insurance which can show an overall saving despite you paying for 2 policies.
No, it is not a legal requirement. Nevertheless, if you have an excess on your main policy, you should plan for how that liability is going to be met and it makes sense to consider XS insurance as a part of that process because the premiums will be substantially less than the Excess amount that you must pay.
The online quote process and application forms are quick and easy to complete, so, in the main only basic details are required.
No, you can only claim in the event of a settled claim of your main insurance policy which exceeds the policy excess.
The insurers are covered by the Financial Services Compensation Scheme (FSCS) established under the Financial Services and Markets Act 2000. You may be entitled to compensation of up to 90% of the cost of your claim in the unlikely event that the insurer cannot meet its obligations. Further information about compensation scheme arrangements is available at www.fscs.org.uk
The aggregate level of cover or claim benefit is the maximum total that can be paid out on either one or more claims until that total is reached i.e. the total of XS cover you have selected or is applicable to the policy. See the question below “Can I claim more than once on my XS policy?”
No, it is not a legal requirement. Nevertheless, if you have an excess on your main policy, you should plan for how that liability is going to be met and it can make sense to consider XS insurance as a part of that process because the premiums will be substantially less than the Excess amount that you must pay.
The cover in this section will only apply if it is shown on your current policy schedule.
This XS protection policy covers one light commercial vehicle that is insured by a main commercial/fleet vehicle insurance policy.
Your insurer may offer you the opportunity to choose a voluntary excess i.e. an amount that you choose. Having a larger voluntary excess could make your premiums cheaper, which sounds perfect, but if you also have a compulsory excess and make a claim, you must pay the combined total of your compulsory and voluntary excesses. This is why XS insurance should be considered.
The online quote process and application forms are quick and easy to complete, so, in the main only basic details are required.
The main reason to take out excess insurance is to so that you don’t need to pay the policy excess if you make a claim.
That said, experience has shown that there continues to be a trend of increasing premiums for main commercial/fleet policies, explained because of a general worsening of claims history.
In view of this, there may be a case to review your commercial insurance strategy to include Individual Light Commercial Vehicle XS insurance because many fleet insurance policies still have excesses as low as £250, yet experience suggests that most companies will not claim for relatively minor claims because of adversely affecting their claims history, and in turn their future fleet insurance premiums.
If you are in this situation, it may be worth considering what level of claim would tempt you to claim on your main commercial/fleet policy because, if this XS cover levels reach or exceed that, then applying a higher excess to your main policy may incur a significant cost saving on it.
If you have experienced a poor claims history, where a higher XS is compulsory, Fleet XS protection could reduce your annual outgoings which may assist your balance sheet i.e. it could be that Individual Commercial Vehicle XS insurance premiums are less than the amount you pay in claim excesses on your main fleet insurance.
In addition, this XS insurance could be used as a claims management awareness tool to assist with managing your main commercial/fleet policy risk profile.
XS insurance, used in the ways previously mentioned, can assist even well-managed fleets who want to see Insurance costs decrease.
Potentially yes. You will be paid an amount equal to the excess in relation to each settled claim on your policy up to the annual aggregate limit.
It can be possible to take out XS protection for more than your main policy excess. In this way, if you make multiple claims you would have greater excess cover e.g. if your main policy excess is £500, and you have an XS cover of £1,000, and you then made two claims with your insurer, and had to pay your excess twice, then you’d also be able to claim twice on your XS protection policy. However, once the aggregate limit of your excess cover is reached, you can’t make any further claims.
Policies are for a term of one year but are renewable. You will be contacted prior to the renewal date to take your instructions.
The easiest and quickest way is to claim via the claims web site because the internet solution allows you to enter all the necessary details required to settle your claim: https://www.excessclaim.co.uk but if you don’t have access to the internet, you can also contact the helpline on 0345 600 0034.
You will need to quote your scheme code, which will be found in the How do I Make a Claim section of your policy wording.
At any time.
No, you can only claim in the event of a settled claim of your main insurance policy which exceeds the policy excess.
If you are involved in a non-fault car-traffic accident, you are normally able to reclaim the cost of your excess from the liable party (or their insurer).
If you are unlucky and unable to reclaim it, this XS policy will pay out if you have a non-fault accident but are not reimbursed for your excess within 6 months.
Yes, it is available to all ages.
Cover is provided for the reimbursement of the excess of an individual vehicle insured on a main commercial/vehicle fleet insurance policy, following a settled claim up to your XS policy cover level, for cars, motorbikes or light commercial vehicles up to a gross vehicle rate of 3.5 tonnes.
A commercial/fleet motor vehicle for the purpose of this policy means a private motorised car, motorbike or light commercial vehicle (LCV) only, which is constructed for the carriage of passengers and their effects and is adapted to carry not more than seven passengers and does not exceed 3.5 tonnes, of which you or your named drivers are authorised to drive.
It also covers business use class 3, which means you and your named drivers are authorised drivers using the vehicle for business, to solicit orders, deliver pre-purchased goods. This includes sales representatives, consultants and agents and anyone else who uses the vehicle to travel from customer to customer for commercial business use.
Policies are for a term of one year but are renewable. You will be contacted prior to the renewal date to take your instructions.
If you are involved in a non-fault car-traffic accident, you are normally able to reclaim the cost of your excess from the liable party (or their insurer).
If you are unlucky and unable to reclaim it, this XS policy will pay out if you have a non-fault accident but are not reimbursed for your excess within 6 months.
Yes, it is available to all ages.
The aggregate level of cover or claim benefit is the maximum total that can be paid out on either one or more claims until that total is reached i.e. the total of XS cover you have selected or is applicable to the policy. See the question below “Can I claim more than once on my XS policy?”
Potentially yes. You will be paid an amount equal to the excess in relation to each settled claim on your policy up to the annual aggregate limit.
It can be possible to take out XS protection for more than your main policy excess. In this way, if you make multiple claims you would have greater excess cover e.g. if your main policy excess is £500, and you have an XS cover of £1,000, and you then made two claims with your insurer, and had to pay your excess twice, then you’d also be able to claim twice on your XS protection policy. This may be especially true for Light Commercial Vehicle Fleet XS cover dependent on the amount of cover applicable to the size of your fleet because the aggregate XS cover can be as high as £6500. However, once the aggregate limit of your excess cover is reached, you can’t make any further claims.
No, it is not a legal requirement. Nevertheless, if you have an excess on your main policy, you should plan for how that liability is going to be met and it could make sense to consider XS insurance as a part of that process because the premiums will be substantially less than the Excess amount that you must pay.
The cover in this section will only apply if it is shown on your current policy schedule.
Your insurer may offer you the opportunity to choose a voluntary excess i.e. an amount that you choose. Having a larger voluntary excess could make your premiums cheaper, which sounds perfect, but if you also have a compulsory excess and make a claim, you must pay the combined total of your compulsory and voluntary excesses. This is why XS insurance should be considered.
The main reason to take out excess insurance is to so that you don’t need to pay the policy excess if you make a claim.
That said, experience has shown that there continues to be a trend of increasing premiums for main fleet policies, explained because of a general worsening of claims history.
In view of this, there may be a case to review your fleet insurance strategy to include Light Commercial Vehicle Fleet XS insurance because many fleet insurance policies still have excesses as low as £250, yet experience suggests that most companies will not claim for relatively minor claims because of adversely affecting their claims history, and in turn their future fleet insurance premiums.
If you are in this situation, it may be worth considering what level of claim would tempt you to claim on your fleet policy because, if this Light Commercial Vehicle Fleet XS cover levels reach or exceed that, then applying a higher excess to your main fleet policy may incur a significant cost saving on it.
If you have experienced a poor claims history, where a higher XS is compulsory, Light Commercial Vehicle Fleet XS protection could reduce your annual outgoings which may assist your balance sheet i.e. it could be that this XS insurance premium is less than the amount you pay in claim excesses on your main fleet insurance.
The addition of Light Commercial Vehicle Fleet XS insurance could be used as a claims management awareness tool to assist with managing your main fleet policy risk profile.
Even well-managed fleet insurance costs can rise, so they too may find that XS insurance, used in the ways previously mentioned, can reduce overall costs.
Cover is provided for the reimbursement of the excess of vehicles insured on a main commercial/vehicle fleet insurance policy, following a settled claim up to your XS policy cover level, for cars, motorbikes or light commercial vehicles up to a gross vehicle rate of 3.5 tonnes and can cover up to a maximum of 20 vehicles.
A commercial/fleet motor vehicle for the purpose of this policy means a private motorised car, motorbike or light commercial vehicle (LCV) only, which is constructed for the carriage of passengers and their effects and is adapted to carry not more than seven passengers and does not exceed 3.5 tonnes, of which you or your named drivers are authorised to drive.
It also covers business use class 3, which means you and your named drivers are authorised drivers using the vehicle for business, to solicit orders, deliver pre-purchased goods. This includes sales representatives, consultants and agents and anyone else who uses the vehicle to travel from customer to customer for commercial business use.
The insurers are covered by the Financial Services Compensation Scheme (FSCS) established under the Financial Services and Markets Act 2000. You may be entitled to compensation of up to 90% of the cost of your claim in the unlikely event that the insurer cannot meet its obligations. Further information about compensation scheme arrangements is available at www.fscs.org.uk
No, you can only claim in the event of a settled claim of your main insurance policy which exceeds the policy excess.
The online quote process and application forms are quick and easy to complete, so, in the main only basic details are required.
At any time.
The easiest and quickest way is to claim via the claims web site because the internet solution allows you to enter all the necessary details required to settle your claim: https://www.excessclaim.co.uk but if you don’t have access to the internet, you can also contact the helpline on 0345 600 0034.
You will need to quote your scheme code, which will be found in the How do I Make a Claim section of your policy wording.
The easiest and quickest way is to claim via the claims web site because the internet solution allows you to enter all the necessary details required to settle your claim: https://www.excessclaim.co.uk but if you don’t have access to the internet, you can also contact the helpline on 0345 600 0034.
You will need to quote your scheme code, which will be found in the How do I Make a Claim section of your policy wording.
At any time.
The aggregate level of cover or claim benefit is the maximum total that can be paid out on either one or more claims until that total is reached i.e. the total of XS cover you have selected. See the question below “Can I claim more than once on my XS policy?”
If you are involved in a non-fault car-traffic accident, you are normally able to reclaim the cost of your excess from the liable party (or their insurer).
If you are unlucky and unable to reclaim it, this XS policy will pay out if you have a non-fault accident but are not reimbursed for your excess within 6 months.
The main reason to take out excess insurance is to so that you don’t need to pay the policy excess if you make a claim.
That said, experience has shown that in some circumstances, choosing a higher excess amount significantly reduces the cost of the main policy because the risk to the insurer has reduced. This in turn leaves scope to pay for XS insurance which can show an overall saving despite you paying for 2 policies.
Potentially yes. You will be paid an amount equal to the excess in relation to each settled claim on your policy up to the annual aggregate limit.
It can be possible to take out XS protection for more than your main policy excess. In this way, if you make multiple claims you would have greater excess cover e.g. if your total excess is £500, then you could take out £1,000 of XS protection. If you then made two claims with your insurer, and had to pay your excess twice, then you’d also be able to claim twice on your XS protection policy. However, once the aggregate limit of your XS cover is reached, you can’t make any further claims.
A motor vehicle can be a private car, motorbike or light commercial vehicle which is registered at your home address, used for social and domestic purposes and commuting to your usual place of work, which is constructed for the carriage of passengers and their effects and is adapted to carry not more than seven passengers and does not exceed 3.5 tonnes, of which you are the owner or which you are authorised to drive.
You will be paid an amount equal to the excess in relation to each settled claim on your main insurance policy up to the annual aggregate limit in respect of claims arising from a motor insurance claim only.
This policy covers one motor vehicle only and the vehicle must not be insured by a main commercial or fleet insurance policy (if it is, then you must take out an Individual Light Commercial Vehicle XS policy).
Cover is provided for the reimbursement of the excess of your motor insurance policy following a settled claim provided for a single motor vehicle whilst being used for:
You are also covered where you have been unsuccessful in recovering the excess cost from a third party within six months of making a valid claim against them under your main insurance policy.
Yes, it is available to all ages.
No, you can only claim in the event of a settled claim of your main insurance policy which exceeds the policy excess.
Your insurer may offer you the opportunity to choose a voluntary excess i.e. an amount that you choose. Insurance comparison sites often provide an option to add or increase excesses too. Having a larger voluntary excess could make your main insurance premiums cheaper, which sounds perfect, but if you also have a compulsory excess and make a claim, you must pay the combined total of your compulsory and voluntary excesses. This is why XS insurance should be considered.
The insurers are covered by the Financial Services Compensation Scheme (FSCS) established under the Financial Services and Markets Act 2000. You may be entitled to compensation of up to 90% of the cost of your claim in the unlikely event that the insurer cannot meet its obligations. Further information about compensation scheme arrangements is available at www.fscs.org.uk
The online quote process and application forms are quick and easy to complete, so, in the main only basic details are required.
The policy comes with multiple cover options – making it easy to select the amount that is appropriate to your circumstances. The cover options are:
Policies are for a term of one year but are renewable. You will be contacted prior to the renewal date to take your instructions.
No, it is not a legal requirement. Nevertheless, if you have an excess on your main motor insurance policy, you should plan for how that liability is going to be met and it makes sense to consider XS insurance as a part of that process because the premiums will be substantially less than the excess amount that you must pay.
A motor vehicle can be a private car, motorbike or light commercial vehicle which is registered at your home address, used for social and domestic purposes and commuting to your usual place of work, which is constructed for the carriage of passengers and their effects and is adapted to carry not more than seven passengers and does not exceed 3.5 tonnes, of which you are the owner or which you are authorised to drive.
You will be paid an amount equal to the excess in relation to each settled claim on your main insurance policy up to the annual aggregate limit in respect of claims arising from a motor insurance claim only.
This policy covers one motor vehicle only and the vehicle must not be insured by a main commercial or fleet insurance policy (if it is, then you must take out an Individual Light Commercial Vehicle XS policy).
Cover is provided for the reimbursement of the excess of your motor insurance policy following a settled claim provided for a single motor vehicle whilst being used for:
You are also covered where you have been unsuccessful in recovering the excess cost from a third party within six months of making a valid claim against them under your main insurance policy.
Your insurer may offer you the opportunity to choose a voluntary excess i.e. an amount that you choose. Insurance comparison sites often provide an option to add or increase excesses too. Having a larger voluntary excess could make your premiums cheaper, which sounds perfect, but if you also have a compulsory excess and make a claim, you must pay the combined total of your compulsory and voluntary excesses. This is why XS insurance should be considered.
The easiest and quickest way is to claim via the claims web site because the internet solution allows you to enter all the necessary details required to settle your claim: https://www.excessclaim.co.uk but if you don’t have access to the internet, you can also contact the helpline on 0345 600 0034.
You will need to quote your scheme code, which will be found in the How do I Make a Claim section of your policy wording.
The online quote process and application forms are quick and easy to complete, so, in the main only basic details are required.
Most insurance policies exclude claims resulting from things like natural disasters, nuclear fallout and fraud which are all detailed in the policy wording; however, a summary of some of the additional exclusions that apply to this policy are:
Because in 2019, UK Government statistics show reported accidents involving cars exceed 150,000, that equates to more than 410 per day through the whole year, that is a high number, even so, it doesn’t include the number of vehicles that are involved which could be substantially higher.
No, it is not a legal requirement. Nevertheless, if you have an excess on your main policy, you should plan for how that liability is going to be met and it makes sense to consider XS insurance as a part of that process because the premiums will be substantially less than the Excess amount that you must pay.
The insurers are covered by the Financial Services Compensation Scheme (FSCS) established under the Financial Services and Markets Act 2000. You may be entitled to compensation of up to 90% of the cost of your claim in the unlikely event that the insurer cannot meet its obligations. Further information about compensation scheme arrangements is available at www.fscs.org.uk
Potentially yes. You will be paid an amount equal to the excess in relation to each settled claim on your policy up to the annual aggregate limit.
It is not a problem to have more XS cover than the excess on your main policy e.g. if your main policy excess is £500, then you made two claims with your insurer, and had to pay your excess twice, then, provided your XS policy cover is £1000 or more, you’d also be able to claim twice on your XS policy. However, once the aggregate limit of your excess cover is reached, you can’t make any further claims.
The main reason to take out excess insurance is so that you don’t need to pay the policy excess if you make a claim.
That said, experience has shown that in some circumstances, choosing a higher excess amount significantly reduces the cost of the main policy because the risk to the insurer has reduced. This in turn leaves scope to pay for XS insurance which can show an overall saving despite you paying for 2 policies and, in addition, if you do claim and your excess is insured, you will pay far less in premiums than the excess cover paid to you.
If you are involved in a non-fault car-traffic accident, you are normally able to reclaim the cost of your excess from the liable party (or their insurer).
If you are unlucky and unable to reclaim it, this XS policy will pay out if you have a non-fault accident but are not reimbursed for your excess within 6 months.
At any time.
No, you can only claim in the event of a settled claim of your main insurance policy which exceeds the policy excess.
The policy comes with multiple cover options – making it easy to select the amount that is appropriate to your circumstances. The cover options are:
Nowadays, most standard insurance policies will not pay out the whole amount of a claim; they include an element which you must pay which is called the excess. They do this to dissuade people from making small minor claims which are disproportionately expensive to administer, or when customers have a history of making regular claims, so by adding or increasing an excess, they reduce their risk.
This means that policyholders who think that they are fully covered, are not. As an example, if your policy excess is £500 and your claim is for £900, your insurance provider will pay only £400 of the cost, leaving you to make up the balance of £500.
Some excesses are compulsory, and some policies allow you to include/choose a voluntary excess higher than the compulsory limit. In this way the insurer’s risk is limited, so they will likely charge a lower amount for the main policy.
Excess (XS) insurance allows you to insure the amount of policy excess to further improve your insurance cover.
Whichever way you look at it, you will usually pay for some of your claim, unless you insure it via XS protection insurance.
Yes, it is available to all ages.
The aggregate level of cover or claim benefit is the maximum total that can be paid out on either one or more claims until that total is reached i.e. the total of XS cover you have selected. See the question below “Can I claim more than once on my XS policy?”
You are covered for an amount equal to the excess in relation to each settled claim on your main vehicle insurance policy up to the annual aggregate limit in respect of claims arising from a vehicle insurance claim only. This family multi vehicle excess insurance policy covers up to three motor vehicles that belong to your family.
Family means your spouse or someone you have a permanent relationship with or your immediate relative who lives with you at your home, and who, along with you, is named in the main insurance policy.
A motor vehicle can be a personally owned car or motorbike (being a motorised motorbike which is a motor vehicle with a seat or saddle for the use of the rider and one passenger and designed to travel on not more than three wheels in contact with the ground), which is registered at your home address, which is constructed for the carriage of passengers and their effects and is adapted to carry not more than seven passengers and does not exceed 3.5 tonnes, of which you or family members are the owner or which you are authorised to drive, and is used for:
You are also covered where you have been unsuccessful in recovering the excess cost from a third party within six months of making a valid claim against them under your main vehicle insurance policy.
So long as they are qualifying vehicles you can substitute them, and cover will be maintained until the policy renewal date.
Policies are for a term of one year but are renewable. You will be contacted prior to the renewal date to take your instructions.
If you are involved in a non-fault car-traffic accident, you are normally able to reclaim the cost of your excess from the liable party (or their insurer).
If you are unlucky and unable to reclaim it, this XS policy will pay out if you have a non-fault accident but are not reimbursed for your excess within 6 months.
The policy comes with multiple aggregate cover options, making it easy to select the amount that is appropriate to your circumstances. The cover options are:
The aggregate level of cover or claim benefit is the maximum total that can be paid out on either one or more claims until that total is reached i.e. the total of XS cover you have selected. See the question below “Can I claim more than once on my XS policy?”
Policies are for a term of one year but are renewable. You will be contacted prior to the renewal date to take your instructions.
The insurers are covered by the Financial Services Compensation Scheme (FSCS) established under the Financial Services and Markets Act 2000. You may be entitled to compensation of up to 90% of the cost of your claim in the unlikely event that the insurer cannot meet its obligations. Further information about compensation scheme arrangements is available at www.fscs.org.uk
Potentially yes. You will be paid an amount equal to the excess in relation to each settled claim on your policy up to the annual aggregate limit.
It is possible to take out excess protection for more than your main policy excess. In this way, if you make multiple claims you would have greater excess cover e.g. if your main policy excesses are £500 and you had to claim twice and were required to pay your excess twice, then, provided your XS cover is £1,000 or more, you’d also be able to claim twice on your XS protection policy. However, once the aggregate limit of your excess cover is reached, you can’t make any further claims.
Your insurer may offer you the opportunity to choose a voluntary excess i.e. an amount that you choose. Insurance comparison sites often provide an option to add or increase excesses too. Having a larger voluntary excess could make your premiums cheaper, which sounds perfect, but if you also have a compulsory excess and make a claim, you must pay the combined total of your compulsory and voluntary excesses. This is why XS insurance should be considered.
The online quote process and application forms are quick and easy to complete, so, in the main only basic details are required.
At any time.
The main reason to take out excess insurance is so that you don’t need to pay the policy excess if you make a claim.
That said, experience has shown that in some circumstances, choosing a higher excess amount significantly reduces the cost of the main policy because the risk to the insurer has reduced. This in turn leaves scope to pay for XS insurance which can show an overall saving despite you paying for 2 policies; however, if the XS policy reimburses you for your excess, the amount paid out will be substantially higher than the XS policy premium.
You are covered for an amount equal to the excess in relation to settled claims on your main home or personal motor vehicle insurance policies up to the annual aggregate limit of your XS policy (this means that it may, depending on the level of cover you purchase, pay out a number of claims until the XS cover limit has been exhausted), so long as you are resident in Great Britain, Northern Ireland, the Isle of Man or the Channel Islands.
You are also covered where you have been unsuccessful in recovering the excess cost from a third party within six months of making a valid claim against them under your main insurance policy.
Regarding your home, cover is provided for the reimbursement of the excess of your home insurance policy (main residence only), including contents claims provided these are insured under your main home policy.
It is payable following a successful fault-based claim in respect of claims arising from accidental damage, fire, theft, flood, or vandalism.
Regarding your motor vehicle, it can be a personally owned motorised car, which is constructed for the carriage of passengers and their effects and is adapted to carry not more than seven passengers and does not exceed 3.5 tonnes, or a private motorbike, which is a motor vehicle with a seat or saddle for the use of the rider and one passenger and designed to travel on not more than three wheels in contact with the ground, which can be used for social and domestic purposes and business use class 3 but not as a taxi and which is registered at your home address, of which you are the owner or a named/authorised driver.
It covers one motor vehicle only and the vehicle must not be insured by a main commercial/fleet insurance policy (if it is, then you must take out an appropriate commercial vehicle XS policy).
It covers personal business use by the policyholder including business use class 3, which means where you and your named or authorised drivers are using the vehicle for business, to solicit orders and deliver pre-purchased goods. This includes sales representatives, consultants and agents and anyone else who uses the vehicle to travel from customer to customer for commercial business use but not as a taxi.
Yes, it is available to all ages.
Nowadays, most standard insurance policies will not pay out the whole amount of a claim; they include an element which you must pay which is called the excess. They do this to dissuade people from making small minor claims which are disproportionately expensive to administer, or when customers have a history of making regular claims, so by adding or increasing an excess, they reduce their risk.
This means that policyholders who think that they are fully covered, are not. As an example, if your policy excess is £500 and your claim is for £900, your insurance provider will pay only £400 of the cost, leaving you to make up the balance of £500.
Some excesses are compulsory, and some policies allow you to include/choose a voluntary excess higher than the compulsory limit. In this way the insurer’s risk is limited, so they will likely charge a lower amount for the main policy.
Excess (XS) insurance allows you to insure the amount of policy excess to further improve your insurance cover.
Whichever way you look at it, you will usually pay for some of your claim, unless you insure it via XS insurance.
No, it is not a legal requirement. Nevertheless, if you have an excess on your main policy, you should plan for how that liability is going to be met and it makes sense to consider XS insurance as a part of that process because the premiums will be substantially less than the excess amount that you must pay.
Because in 2019, UK Government statistics show reported accidents involving cars exceed 150,000, that equates to more than 410 per day through the whole year, which is a high number but which does not include the number of cars involved which could be a substantially higher.
The easiest and quickest way is to claim via the claims web site because the internet solution allows you to enter all the necessary details required to settle your claim: https://www.excessclaim.co.uk but if you don’t have access to the internet, you can also contact the helpline on 0345 600 0034.
You will need to quote your scheme code, which will be found in the How do I Make a Claim section of your policy wording.
Provided that it is your main residence and a qualifying personally owned vehicle, you may substitute either or both during the policy term and cover will be covered until the renewal date.
No, you can only claim in the event of a settled claim of your main insurance policy which exceeds the policy excess.
Most insurance policies exclude claims resulting from things like natural disasters, nuclear fallout and fraud which are all detailed in the policy wording; however, a summary of some of the additional exclusions that apply to this policy are:
Potentially yes. You will be paid an amount equal to the excess in relation to each settled claim on your main home insurance policy up to the annual aggregate limit.
It is not a problem to have more XS cover than the excess on your main policy e.g. if your main policy excess is £500, and then you made two claims with your insurer and had to pay your excess twice, then you’d also be able to claim twice on your XS protection policy so long as it had a cover limit of £1000 or more. However, once the aggregate limit of your excess cover is reached, you can’t make any further claims.
No, it is not a legal requirement. Nevertheless, if you have an excess on your main policy, you should plan for how that liability is going to be met and it makes sense to consider XS insurance as a part of that process because the premiums will be substantially less than the Excess amount that you must pay.
This home XS policy covers one main residence only and covers all settled claims on your main home insurance, which includes contents if covered by it.
You will be paid an amount equal to the excess in relation to each settled claim on your home insurance policy up to the annual aggregate limit in respect of claims arising from:
You must be permanently resident in the United Kingdom.
You are also covered where you have been unsuccessful in recovering the excess cost from a third party within six months of making a valid claim against them under your main insurance policy.
The aggregate level of cover or claim benefit is the maximum total that can be paid out on either one or more claims until that total is reached i.e. the total of XS cover you have selected. See the question below “Can I claim more than once on my XS policy?”
At any time.
Cover is provided for the reimbursement of the excess of your main home insurance policy (main residence only so long as you are resident in the UK) including contents if covered by it.
It is payable following a successful fault-based claim in relation to each settled claim up to the annual aggregate limit of your XS policy.
You may substitute your new home address and be covered until the renewal date.
Your insurer may offer you the opportunity to choose a voluntary excess i.e. an amount that you choose. Insurance comparison sites often provide an option to add or increase excesses too. Having a larger voluntary excess could make your premiums cheaper, which sounds perfect, but if you also have a compulsory excess and make a claim, you must pay the combined total of your compulsory and voluntary excesses. This is why XS insurance should be considered.
The main reason to take out excess insurance is so that you don’t need to pay the policy excess if you make a claim.
That said, experience has shown that in some circumstances, choosing a higher excess amount significantly reduces the cost of the main policy because the risk to the insurer has reduced. This in turn leaves scope to pay for XS insurance which can show an overall saving despite you paying for 2 policies, as well as saving you the cost of the excess which will be substantially more than the XS policy premium.
Nowadays, most standard insurance policies will not pay out the whole amount of a claim; they include an element which you must pay which is called the excess. They do this to dissuade people from making small minor claims which are disproportionately expensive to administer, or when customers have a history of making regular claims, so by adding or increasing an excess, they reduce their risk.
This means that policyholders who think that they are fully covered, are not. As an example, if your policy excess is £500 and your claim is for £900, your insurance provider will pay only £400 of the cost, leaving you to make up the balance of £500.
Some excesses are compulsory, and some policies allow you to include/choose a voluntary excess higher than the compulsory limit. In this way the insurer’s risk is limited, so they will likely charge a lower amount for the main policy.
Excess (XS) insurance allows you to insure the amount of policy excess to further improve your insurance cover; therefore, whichever way you look at it, you will usually pay for some of your claim, unless you insure it via XS insurance.
Most insurance policies exclude claims resulting from things like natural disasters, nuclear fallout and fraud which are all detailed in the policy wording; however, a summary of some of the additional exclusions that apply to this policy are:
If you need to need to make a claim you can call the insurer on 0161 492 1639, or email claims@financialandlegal.co.uk or write to Financial & Legal Insurance Company Limited, No.1 Lakeside, Cheadle Royal Business Park, Cheadle, Cheshire, SK8 3GW.
If there is a claim which is covered by the policy, you will be sent a claim form for completion and return.
Written notice of accidents, proceedings or any other events that may give rise to a claim must be provided within 31 days of a written settlement from your main insurance policy.
FAILURE TO FOLLOW THESE STEPS MAY DELAY OR JEOPARDISE THE PAYMENT OF YOUR CLAIM
The insurers are covered by the Financial Services Compensation Scheme (FSCS) established under the Financial Services and Markets Act 2000. You may be entitled to compensation of up to 90% of the cost of your claim in the unlikely event that the insurer cannot meet its obligations. Further information about compensation scheme arrangements is available at www.fscs.org.uk
No, you can only claim in the event of a settled claim of your main insurance policy which exceeds the policy excess.
Policies are for a term of one year but are renewable. You will be contacted prior to the renewal date to take your instructions.
The online quote process and application forms are quick and easy to complete, so, in the main only basic details are required.
If you would like assistance with any products, cancellations or updating details on your policy please select one of the links below: