Practice question

What is an insurance excess?

  1. The maximum the insurer will ever pay in any circumstance
  2. The amount the policyholder must pay toward a claim before the insurer pays the rest (as set out in the policy)
  3. The name of the insurance broker
  4. A type of no-claims bonus

Answer: B — The amount the policyholder must pay toward a claim before the insurer pays the rest (as set out in the policy)

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Practice more: CCEA GCSE MVRUS Practice Questions - CCEA GCSE Motor Vehicle and Road User Studies (2017) (Northern Ireland) Exam →