Deductible / Excess


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.

Tip:
The terms regarding the deductible for tenancy claims vary. It is worth checking whether it applies per move, per room or per claim.

 

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