10 car insurance myths busted

3. I won’t have to pay an excess if an accident is not my fault or my car is stolen

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An excess is an agreement with the insurance company (set in place when a policy is purchased) and is the first part of any claim cost which the policyholder agrees to pay if they make a claim.

If an accident is not your fault you may only get your excess back if your insurance company gets all of its money back from the third party or their insurer

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