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What is the Meaning of “Excess”?

Excess is included in a private motor insurance to deter motorists from making small claims. Excess is the initial amount of any claim that the auto insurer will not pay. In other words, the car owner has to bear this cost. For example, if the cost of your claims amount to $2,000 and the deductible [...]

By admin| 2016-12-14T02:55:53+00:00 December 20th, 2008|Must-Know Information for Savvy Car Owners|2 Comments
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