Owning Property · Koste Knowledge Base
What is an Excess and How Does it Affect My Insurance Claim?
Quick Answer
An excess is the amount you pay when making an insurance claim. It affects the final payout from your insurer. Understanding your policy's excess is crucial for investors and landlords to manage potential costs effectively.
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Written by Koste Team · Koste Chartered Quantity Surveyors · AIQS Member · RICS Member · TPB Registered · 1300 669 400 · info@koste.ai