An excess or deductible is a lump sum you have to pay yourself in the event of a claim.
Whether you have renters home insurance or homeowners home insurance, when damage occurs in your home, it is essential that you take the right steps to settle the claim as soon as possible with your insurance company.
"}},{"componentType":"sectionTitle","title":"When should I pay and how much?"},{"componentType":"paragraph","richBody":{"value":"Property damage of less than €10,000 (not indexed) is subject to a €250 (not indexed) excess. This €250 is deducted from the amount of your compensation that covers the damage.
"}},{"componentType":"sectionTitle","title":"When am I exempt from paying the excess?"},{"componentType":"paragraph","richBody":{"value":"If the damage exceeds €10,000 or there is personal injury, you do not have to pay an excess.
"}},{"componentType":"sectionTitle","title":"When am I eligible for a reduction of an excess?"},{"componentType":"paragraph","richBody":{"value":"In a claim where the damage does not exceed 2,500 euros, you can have the repair work carried out by a repairer from our Repairs in-Kind service. This saves you the trouble of finding the right professionals, checking their quotes and following up the work.
If the repair is done with professionalism, you don't have to pay the bill. We pay the service provider directly.
If you opt for in-kind repairs, you only have to pay a lower excess.
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