Consumers should beware of agreeing to higher excesses on insurance policies, as they could end up paying more than they expect if there's a claim.
Figures from Irish underwriting agency KennCo reveal that excesses can be up to €1,500 on some household policies and up to €500 on motor policies.
According to KennCo, insurance companies are increasingly using higher excesses on policies to make premiums more attractive in a competitive motor and home insurance market....
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