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Voluntary excess or deductable
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Voluntary excess or deductable is a set amount of money agreed in your plan, which you pay towards the cost of your claim. This may be applicable on each and every claim, or may be payable on the first claim over a given period of insurance.
An excess or deductible (not standard excess) will usually result in a lowering of your premiums.
Last Updated: June 2007 © Moneyextra.com
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