What is Voluntary Excess (Motor) | Insurance glossary by upcover

A voluntary excess is an extra amount that the insured chooses to pay towards a claim, in exchange for a reduced premium. Insurers add this on top of any other excess that applies. Choosing a higher voluntary excess can significantly reduce the overall premium.

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Market Value Cover (Strata)

Replacement Cost Cover (Strata)

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Related Term

Sum Insured (Strata)

Market Value Cover (Strata)

Replacement Cost Cover (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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