Sunday, January 4, 2009

Note while claiming insurance

Excess Amount:
The insurer will define a amount that can be managable by the insured for general insurance(Insurance for vehicles, etc). This amount is called the excess amount.If your claim is less than or equal to this excess amount, you will not get the claimed amount because excess amount will be deductible from claim.
Please cross check what is the excess amount while applying insurance for your vehicles.

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