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
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