Insurance Excess, Franchise and Deductibles

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Some clients believe these must be paid at the time the policy starts, this is not true, they only apply when a claim occurs and is usually deducted from the insurance claim.

  1. Insurance Education
  2. excess insurance claim
  3. insurance claim
  4. home insurance
  5. life insurance
  6. car insurance
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Комментарии
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I really appreciate this. Studying for my adjusters license and I’m able to finally understand the differences. No one else was explaining franchise deductible. So glad I found this explanation!

ColdRainFalls
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This is very valuable - I highly appreciate it because I recently pay my insurance company £800 excess even though I was not my fault. But after I won the court decision, they paid me back my money.

writingandpublishingsucces
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Particular average franchise and excess abd deductible

abdulsamura
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Excellent Information and it is easy to understand and very helpful as I am preparing for CII exam.
Can you please make a video on what is Co-Insurance and Re-Insurance and how they are different?

parthchaudhary
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Plz explain what is meant by : subject to 5% excess e.e.l. Is it 5% from sum insured or claim amount? Thank you in advance 🙏🏻

gusskh