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What does it mean if your motor insurance policy has an excess of £100?

Question Topic: Band 3 driving test
Saved Questions | Completed Questions Incomplete Questions Question Topic: Band 3 driving test
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The insurance company will pay the first £100 of any claim
You'll have to pay the first £100 of any claim
Your vehicle is insured for a value of £100 if it's stolen
You'll be paid £100 if you don't have a collision
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