Sentences with phrase «to pay in the event of a claim»

The voluntary excess is the extra amount, over and above the compulsory excess, that is agreed to be paid in the event of a claim on the policy.

Choosing a higher deductible reduces the amount of money your insurance company pays in the event of a claim, so if you're willing to pay a higher deductible, insurance providers are willing to lower your premium.

Increase your excess to reduce premiums — but make sure you can afford to pay it in the event of a claim.

Just remember: The more coverage you pay for through your monthly premium, the less you'll have to pay in the event of a claim.

The cost of your policy will be higher, but if you select a deductible that you knowingly wouldn't be able to pay in the event of a claim, your vehicle repair will not begin until you can afford it.

The deductible is the amount you agree to pay in the event of a claim.

Keep the deductible affordable though, because it will have to be paid in the event of a claim.

The excess is the amount you have agreed to pay in the event of a claim.

The excess is the amount of money you agree to pay in the event of a claim.

In the United States, auto insurance limits are the pre-defined limits of the liability responsibility set in financial terms (dollar amounts) that the insurer will pay in the event of a claim.

Make sure you're comfortable with this number as it is the amount you would have to pay in the event of a claim.

It that seems like a lot of money to pay in the event of a claim, consider this: the trends in homeowner's insurance are for insurance companies to severely penalize customers who file one or more small claims.

Pay higher excess: You could also consider paying a higher excess as this can mean a lower premium; the excess is the chunk of the cost you pay yourself in the event of a claim.

Using this information the insurer will work out how much they are likely to pay out in benefits to the insured group, and then make an assessment of how much they will need to charge per unit of coverage (e.g. per $ they are going to have to pay in the event of a claim) to be able to meet those claims and make a profit.

This refers to how you are paid in the event of a claim.

It is not always easy to navigate that balance between how much we are willing to pay up front and the amount we're willing to gamble having to pay in the event of a claim.

In most areas, you must have liability insurance to protect yourself, but you should also consider having uninsured motorist coverage and medical liability to decrease the costs you'll have to pay in the event of a claim.