Home XS Protection

Cover is provided for the reimbursement of the excess of your home insurance policy (main residence only so long as you are resident in Great Britain, Northern Ireland, the Isle of Man, and the Channel Islands) including for contents if also covered in it.

It is payable following a successful fault-based claim in relation to each settled claim on your main home insurance up to the annual aggregate limit of your XS policy, including contents if they are covered by your main home insurance.

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.

What is XS Protection?

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.

Select your Excess cover product
Select your cover level
Select when the cover will start
Your Premium
Welcome to Nice 1 Limited

Established since 2007, Nice1 Limited originally made its name with the development of innovative insurance solutions for the specialist insurance products marketplace through insurance intermediaries. We pride ourselves on providing up to date solutions tailored to customer needs. Our online offerings provide complete information in non-technical jargon, which should enable you to make informed decisions about product suitability.