Excess Protection Insurance is a concept that provides peace of mind when making a claim against a policy that carries an excess.

excess insurance

Excess Protection ensures that a customer is protected against personal financial loss when making an “at fault” claim on, for example, a motor insurance policy.  Excess Protection can also be applied to any insurance policy that carries an excess.

With insurers increasing deductibles on primary motor policies and some customers considering increasing their excess due to financial pressures, the need for such a cover is clear.

We all face the application of an excess in the event of a claim on most insurance policies and the potential to remove this exposure, for a reasonable charge, is easily explained and understood by the customer. Excess Protection also allows the customer to consider premium savings from increasing their main policy excess.

As a Broker at Lloyd’s and with Strategic Insurance Services Limited’s status as a capacity provider’s agent, we can offer a cost effective, flexible customer policies to meet defined needs.

How does it work?

  • As long as the excess, following a valid claim on a main policy, is exceeded, the Excess Protection policy will respond up to the value of the excess on a reimbursement basis.
  • The Excess Protection policy will continue to respond for the period of cover or until the chosen level of indemnity is exhausted, whichever comes first

Cover can be provided for single excesses or for an annual aggregate limit.