Tuesday June 2, 2020

Higher excesses could cost customers more

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.

30th March, 2013

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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