What excess is
At King Price, we keep excess simple
In a nutshell
If you’ve compared car insurance quotes online, you’ve probably come across the term ‘excess’. But what does this mean?
Well, simply put, your excess is the first amount you need to pay in the event of a claim. It’s payable by you (the policyholder) to your insurer and in some cases, you may get it back once your claim’s been finalised.
To make our excesses simple for our clients, we’ve restructured our insurance excess amounts to make your universe a brighter, easier, and cheaper place.
Best of all, with us you get to choose the basic car excess that suits your pocket and preference. The higher the excess, the lower your monthly premium and vice versa.
Ready to start saving with the king of insurance?
Get a quoteThe king’s excess summary
| Basic excess | |
|---|---|
| Car: Basic excess (you choose) | N$1,500 - N$27,500* |
| Car: Factory-fitted radio (not specified) | Basic |
| Car: Specified radio | N$750 |
| Car: Window replacement (excluding panoramic glass) | N$750 |
| Car: Window chips | No excess |
| Motorbike: Basic excess | N$2,750 or 10% of claim value |
| Motorbike: Theft of keys | N$500 |
| Caravan | N$2,500 |
| Trailer | N$2,500 |
| Specified portable possessions | N$500 or 5% of claim value |
| Unspecified portable possessions | N$500 |
| Buildings | N$1,500 minimum, N$4,500 maximum or 5% of claim value |
| Home contents | N$1,500 minimum, N$4,500 maximum or 5% of claim value |
| Additional home contents cover | N$400 |
| Additional excess | |
|---|---|
| These are to be paid per incident, over and above your basic excess, if applicable: | |
| Car: If the incident driver isn’t the regular driver and is younger than 25 years OR has had a driver's licence for less than 2 years | N$4,500 |
| Car: If the incident occurred outside of Namibia and the car isn’t drivable | N$7,500 |
| Car: If the incident occurs in the first 3 months of cover | N$3,500 |
| Motorbike: If the incident occurs in the first 3 months of cover | N$3,500 |
| Motorbike: If the named rider has a learner’s licence | N$5,000 |
| Motorbike: If there’s more than 1 claim for the same type of incident within any 12-month period | N$2,000 |
| Motorbike: If there’s no other party involved, or if the third party can’t be traced | N$2,000 |
| Motorbike: For an approved track school incident | N$5,000 |
