Define: Voluntary Excess Or Deductible

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Definition: Voluntary Excess Or Deductible



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Full Definition of Voluntary Excess Or Deductible


Voluntary excess or deductible is a set amount of money agreed in your plan, which you pay towards the cost of your claim. This may be applicable on each and every claim or may be payable on the first claim over a given period of insurance.

An excess or deductible (not standard excess) will usually result in a lowering of your premiums.


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https://payrollheaven.com/define/voluntary-excess-or-deductible/
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Voluntary Excess Or Deductible. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 06, 2020 https://payrollheaven.com/define/voluntary-excess-or-deductible/.
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Voluntary Excess Or Deductible. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/voluntary-excess-or-deductible/ (accessed: April 06, 2020).
American Psychological Association (APA):
Voluntary Excess Or Deductible. PayrollHeaven.com. Retrieved April 06, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/voluntary-excess-or-deductible/

Definition Sources


Definitions for Voluntary Excess Or Deductible are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 1st April, 2020