VanInsurance

What is an Excess?

Excess is what you will pay to the insurance coverage company in the event of making a claim. Excess is the kind of thing that was introduced to stop people from making a claim when ever they felt like it, and also to stop people from making small claims. The amount of excess you pay will all depend on the kind of company that you deal with, the kind of package that you choose to take out, and also whether or not the company deems you as likely to make a claim or not. Generally if you make a claim for damages to your vehicle, you will have to pay approximately £200 just to make the claim, so it is not worth making the claim if your vehicle has suffered a scratch of which you can fix yourself for a relatively low figure. Always make sure that you deal with a company that gives a relatively low excess charge, because if they charge all too much, then there is simply no need to take out insurance with that company, because you will essentially be being over charged just to make a claim.

Preventing a Claim

The reasons as to why it is important that you try and prevent yourself from making a claim, is because if you make a claim you may lose money, both in terms of the excess that you will have to pay, and because you'll lose out on your no claims bonus at the end of the year. This of course means that you will have to be ultra careful that you do not have to make a claim, and the way in which you do this is to be as safe as possible. You can be safe by always making sure that you have regular MOTs, that you stick to the road and that you wear a seat belt. Some people get a little nervous on the roads, and if this is the case with you, remember to consider taking other courses in order to provide you with better mental strength whilst you are navigating the roads.

If you are someone who is used to driving a van, then you should have no problem with your policy, because you will not have to make any claims, and as a result you will not have to pay any excess. Of course, if you have a serious accident, then it is always worth paying the excess and allowing the insurance company to intervene, because there is simply no point in paying for private repairs when you could just as easily get the protection company to do such things for you. When you are searching for deals, it may be possible to get a company to lower their excess if you prove to them that you have been a good driver, so make sure you bring all of your good records with you when you apply for a deal.

When to Pay Excess

You will have to pay excess when you make a claim, though those good drivers will usually pay a little less excess than those that perhaps have not been so good on the roads. An excess scheme was brought in to prevent those people making too many claims from doing so; so ultimately although it is frustrating having to pay money simply to make a claim, it is a good thing for the industry. Try to think about which companies are going to be on your side when you search for deals, and who will give you money off for being safe.

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