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Excess Waiver for Young Drivers Insurance
Excess waiver is a product sold to protect you - the young driver insured on your own car as well as any named drivers added to your young drivers insurance policy.
Excess waiver simply protects you and the named drivers on your car insurance policy from losing your policy excess should you get into an accident. It is designed to alleviate the pressure of not being able to recover your excess in "fault claims."
A fault claim is basically an accident or loss where you, the driver, are to blame or your insurance company are unable to recover costs from someone else involved in the accident. For example, if your car is hit whilst parked by an untraceable driver then this counts as a "fault claim."
Key Features:
- Cover for private vehicles
- Covers excess if and when main insurer pays out for insured peril
- Cover for both "Fault" and "Non Fault"
- Offered through our expert panel of insurers
- Excess is paid and claimed back
Check out the levels of cover available
