What is Policy Excess/Deductible?

This is the amount that you bear in the event of each and every loss as outlined below:

  • Fire, Lightning, Explosion No Excess
  • Flood, Windstorm, Hurricane, Earthquake  2% of Sum Insured
  • Impact, Burst Pipes, Theft  $500.00
  • All other perils Minimum – $1,000.00 Maximum – $25,000.00

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What is Policy Excess/Deductible?

This is the amount that you bear in the event of each and every loss as outlined below:

  • Fire, Lightning, Explosion No Excess
  • Flood, Windstorm, Hurricane, Earthquake  2% of Sum Insured
  • Impact, Burst Pipes, Theft  $500.00
  • All other perils Minimum – $1,000.00 Maximum – $25,000.00

Posted in: Mortgage FAQs

Share and Enjoy