The term 'deductible' or 'excess' refers to the share of the loss, either a percentage or a fixed amount, that the policyholder has to pay out of pocket. By imposing a deductible, the insurance companies want to avoid that countless minor claims are made. Other terms for the deductible are 'retention' or 'coinsurance'.
- Under contents insurance, the statutory deductible for damage due to natural hazards is 500 francs. Other deductibles vary depending on the insurance provider and usually range from 0 to 200 francs. You can find the individual insurance companies' detailed terms in the product characteristics.
- The deductible under personal liability insurance is usually 200 francs. With some insurance companies, it can also be reduced, excluded or increased on request. There is often a separate regulation applying to deductibles for tenancy claims and claims under the endorsement for driving third-party vehicles.You can find the individual insurance companies' detailed terms in the product characteristics.
The terms regarding the deductible for tenancy claims vary. It is worth checking whether it applies per move, per room or per claim.