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Daily Insurance Industry News
Monday 15th of October 2018
December 18, 2008

jml-insurance offers Lifestyle excess insurance

by Richard Kilner

Story link: jml-insurance offers Lifestyle excess insurance

The jml-insurance website is now offering lifestyle insurance excess products through a dedicated link.

The products, provided by insurance4excess, are designed for consumers who make insurance claims and end up paying the excess, and are available for home, motor, health, travel and pet insurance.

The way it works is that a customer takes out a Silver £500 Excess policy (a £500 Excess on their main insurance policy) that costs £75, and then has to make a claim of £1200.

The customer foots the bill for the first £500 and the £700 balance is paid for by the insurer, with the customer being reimbursed once the valid claim has been settled.

There are three levels available, Bronze, Silver and Gold with costs and excesses of £49 and £250, £75 and £500, and £99 and £750 respectively.

Generally higher excess means a lower premium for the customer, although naturally this is offset in the case of a claim with the customer paying the excess.

 

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