Your home insurance excess is the amount that you are liable to pay should you have to make a claim. By putting in a larger excess this means that your provider will have to pay less when you make a claim as you will be footing the bill for the stated amount, so they often give you the benefit of reducing your monthly payments.
Make sure that when choosing your excess you input an amount that you are able to afford. Home insurance is about giving you peace of mind by covering costs associated with your building and/or contents, it may be worth considering paying a little extra in the short term for the long term benefits of larger cover, but you need to consider this yourself. Your provider may not pay out until you pay the agreed excess so best to choose a manageable amount.
In our quick quote, the supplier sets the excess amount. However, when you are redirected to our partner's website to fulfil your journey, you can edit the excess amount to one that suits you!