Multi vehicle excess protection is now available from Norton, offering reimbursement when you pay your excess due to a car insurance claim.
The most careful drivers may find themselves having to make a claim at some point, whether for a dent in a supermarket car park, a run-in with a badly-placed bollard, or just plain bad luck. Car insurance is great for absorbing the costs of these claims, but there’s one area we’re all begrudgingly handing over cash: the policy excess.
Excess protection is a type of ‘add-on’ insurance that can be added to your main vehicle cover, and it reimburses you your excess if you make a claim. Specifically, it gets paid out after your claim has been settled.
If you have multi vehicle insurance with us, you could benefit from this cover. Here are a few salient facts.
Excess protection is designed for fault claims – but you can claim for non-fault, too
You only usually have to pay your excess in a fault claim situation: where your insurer is liable for paying out on damage. But, if you have shared liability or your claim is non-fault, you can still claim on your excess protection cover if your insurer hasn’t recovered that money from the third party within 6 months of the incident.
Excess protection is especially helpful for valuable vehicles
While some car insurance policies will give you an excess as low as £100, this is increasingly rare. If you’ve got a valuable classic worth £30k, or a Range Rover for example (a known target for theft), you could be looking at an excess of £500, £750 or even higher.
If you do need to claim on your multi car insurance for one of those vehicles, that’s suddenly a significant cost. With multi vehicle excess protection, that money goes back into your pocket (well, bank account).
Multi vehicle excess protection can cover up to 10 vehicles
If you’re a bit of a collector, multi vehicle excess protection is a great way to cover more of those cars in one go. So if you have a claim in the April with one vehicle, and another valid claim in the July on another vehicle, they’re both covered so long as they’re on the same multi car policy with us. Obviously we hope you won’t have to make those claims – but if you do, you’ve got cover that can reimburse the excess for both of them.
You can claim up to £3,000 in a year
While excess protection with Norton for a single vehicle caps out at a £1,000 annual claims limit, that aggregate limit with multi vehicle excess protection is £3,000. For a claim with a high excess, or multiple claims in a year, it gives you the reassurance you need.
‘We’re pleased to be offering multi vehicle excess protection to our customers, as a way to ease the potential costs of a claim,’ says Joe Turner, Norton Manager. ‘We’ve been able to provide excess protection for individual car insurance policies prior to now, but this is a really helpful addition for drivers with more than one vehicle – which is most of us these days!’
For more on multi vehicle excess protection, click below to visit the web page, or send us a message and your personal client manager can have a conversation with you about adding excess protection to your policy.