Phrases with «voluntary excess»

"Voluntary excess" refers to the amount of money that a person agrees to pay themselves in the event of an insurance claim. It is an additional cost that the policyholder chooses to bear voluntarily, usually to decrease their insurance premiums. Full definition

Sentences with «voluntary excess»

  • A discount is provided for those who opt for higher voluntary excess. (policybazaar.com)
  • Whatever the claim, the part of voluntary excess would have to be paid by you up to the specified limit. (policybazaar.com)
  • Additional voluntary excess amounts can also be amended to suit your needs & budget. (aig.ie)
  • (see all sentences)
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