Both policy holders of online UK car insurance and those that opt for high street car insurance will have heard their providers mention 'excess'.
When talking about motor insurance, the excess refers to the amount of money that a policy holder must pay towards the cost of a claim every time they make an insurance claim.
There is usually a combination of compulsory and voluntary excesses to be paid. The compulsory excess on your private car policy has to be paid regardless of who caused an accident or the extent of the damage. When you took out your private car policy it is likely that you entered into a contract where you agreed these terms.
If it is found that a third party was at fault for the damage then you will be able to claim the excess back from their insurance company.
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