Home Excess Protection

What is it? When you buy home insurance it’s sold with an excess, that’s the amount you must pay towards the cost of a claim. There are usually two components: a compulsory excess and a voluntary excess. An insurer often sets a compulsory excess, you may then choose to pay an additional, voluntary excess in the event of a claim which usually reduces the premium.

Excess Protect Insurance is a supplementary insurance policy that pays all or part of any excess due in the event of claim under a home policy, up to an agreed level. You can typically arrange Excess Protect Insurance to cover £250, £500 or £1000 of a potential excess payment.

How Does it Work?

Excess Protection Cover is taken when the main home policy is purchased or renewed. If you need to claim under your main policy, you will pay your excess to the insurer and once the claim is settled your excess cover will refund your excess up to the limit of your excess policy.

Example

A client purchases home insurance with a £500 excess and an Excess Protect Insurance with a sum insured of £500. A claim is made for a loss of £2850 under the home policy. The home insurer settles the claim and pays £2350 (the loss less the policy excess). The client then claims back the £500 excess from the Excess Protect Insurance so they are fully reimbursed.

Home Excess Protection

The need to know

Your Excess Protection Policy can cover multiple excess claims up to the total sums insured limit. For example, a £500 Excess Protect Insurance covers you for 2 x £250 excess claims in the policy year or 1 x £500.

Making a claim on your home insurance policy is still a material fact and could affect your renewal premium going forward. Any claims/losses must be disclosed for 5 years with insurers.

Similar excess cover is also available for motor policies, please ask us and we can discuss your requirements. This policy is provided by ALPS – Auto Legal Protection Services Ltd trading as ALPS is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 300906. They have over 25 years’ experience providing supplementary insurance covers to personal and commercial clients exclusively through brokers like Elevate.

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Jowyn Wong
Jowyn Wong
2022-06-13
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Best company I’ve ever had the pleasure to arrange insurance with. Richard is so informative and knowledgeable, kept me informed every step of the way to insuring my pride and joy. Professional, personal and utterly perfect. Thank you!
Simone Chawda
Simone Chawda
2021-04-16
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I could not recommend Elevate enough, they were super helpful in explaining policy cover / options & made the process very easy for me to choose. It was great to have a trustworthy & reliable company finding the best cover for me personally & not in the best interests of commission etc Thank you Elevate!
Will Casswell
Will Casswell
2021-04-09
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very helpful. thank you
James Rainbow
James Rainbow
2021-04-09
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I had never used an insurance broker before but getting car renewals was getting more and more time consuming. I was referred to Blain at Elevate by a friend and now wonder why I didn't do this before. Elevate are great to deal with and I now have a better level of cover than before at a lower cost with 95% of the hassle removed.
jack gibbs
jack gibbs
2021-03-21
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Great personal service! Working with Elevate ensured I recieved efficient and stress free landlord insurance keeping me covered across various properties.
Sean M
Sean M
2021-03-10
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Just wanted to give a big shout out to Dan White and his team at Elevate Insurance Brokers. Having just moved house and tired of the continual high rises in insurance premiums, I chose to stay local and support local. Dan made sure we had the right cover in place and didn’t leave any stone un-turned. His attention to detail in making sure the cover we needed was second to none. All in, he managed to beat my renewal cost and the top three providers, increased my cover and provided me with the peace of mind that my house and personal belongings were covered. #staylocal #investinlocal #localisbest #homeinsurance #insurance #elevate #trust #confidence #happycustomer
Tom S
Tom S
2020-06-15
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Great service as ever from Elevate! I already insure my main car with them and had to add another in rather a hurry and I didn't have the time to spend ages on the phone organising, Elevate handled it all seemlessly and had my cover updated perfectly at a reasonable price. Can't recommend them highly enough!
John Yates
John Yates
2020-06-10
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Contacted Dan and his team to discuss my business insurance requirements. Excellent advice and very thorough explanations on various aspects of the policy ensured we now have the appropriate insurance in place. Thanks Dan.

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