A: The insurance company will pay the first £500 of any claim
B: You'll be paid £500 if you don't claim within one year
C: Your vehicle is insured for a value of £500 if it's stolen
D: You'll have to pay the first £500 of the cost of any claim
View hint
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.
