If you watch the above video in its entirety then you will see that Goodbye Excess now has a Network of partnering UK Car Body Shops in place. The reasons for this are as follows:
When circumstances dictate that you have to make a claim on your Car/Motor Vehicle Insurance then you will have to PAY YOUR EXCESS First, you will most likely have 2 types of Excess, a Mandatory and a Voluntary. How much these 2 types of excess add up to will all depend on the amounts you agreed to when you took your Motor Insurance out.
In our experience, a low excess is around the £300 – £500 mark whereby a high excess will be around the £1000 – £2500 mark.
If you are a young, relatively new driver then a High Insurance Excess is par for the course. If you have a history of poor driving then again you’ll be in the High Excess bracket.
Speed cameras clocking you at 33mph in a 30mph will automatically move you into the High Excess bracket so in reality very few of us are looked upon as a low risk by the insurance companies.
An Excess Insurance Policy will reimburse you once the full claim has been settled. This means you pay your excess first and then look to claim it back via your Excess Insurance Policy later. This can take up to 3 weeks. How many people can put their hands on £2000 just like that? yes, you can claim it back in a few weeks time but even so, it’s still one hell of a stumbling block.
Consumers that purchase their Motor Excess Insurance from Goodbye Excess don’t have to pay their excess upfront as we give them a choice. If in the event of a claim they are happy to have their vehicle repaired by one of our Body Shop Network then we will pay their excess for them and we then wait the 3 week period. If not then we will reimburse them once their claim has been fully settled.
At present 89% of Policy Holders that claim choose the 1st option.