Insurance Excess definition
Examples of Insurance Excess in a sentence
Any Motor Insurance Excess above £250 that is deducted from the settlement by the Motor Insurer of a Total Loss claim on Your Vehicle.
In this instance, you will then only be liable to reimburse us for the amount of the Reduced Insurance Excess.
The Reduced Insurance Excess amounts are displayed in the Fee Schedule.
If you or an authorised KINTO Member are not the person operating the Vehicle at the time of an accident, the Reduced Insurance Excess will not apply and you must reimburse us for the full amount of the Insurance Excess.
The Insurance Excess reduction fee is payable on each Booking where you wish to reduce your liability to reimburse us for the Insurance Excess and the Reduced Insurance Excess only applies to you or the KINTO Member you have authorised to operate the Vehicle.