Some insurers will allow you to select a higher excess amount.? In turn, this may help to reduce your overall policy premium.
The amount varies between insurers and also the event you are claiming for.?? The highest excess is usually for subsidence with a minimum of ?1,000.? If the area your property is in has suffered subsidence in the past then you may have a higher excess amount.
This is the portion of the claim you have to pay.? Some policies are available with a zero excess although most policies will have an excess.