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UK Car Driving Theory Mock Test 8
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© examsnet.com
Question : 50
Total: 50
What does it mean if your insurance policy has an excess of £500?
The insurance company will pay the first £500 of any claim
You'll be paid £500 if you don't claim within one year
You'll have to pay the first £500 of the cost of any claim
Your vehicle is insured for a value of £500 if it's stolen
Validate
Solution:
Explanation:
Having an excess on your policy will help to keep the premium down. However, if you make a claim, you'll have to pay the excess yourself - in this case, £500.
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