Insurance Glossary

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V

Voluntary excess

This is the amount of money that you have to pay in the event of needing to make a claim.

Valuables

Valuables include jewellery, photographic equipment, musical instruments and stamp and coin collections. Cover for valuables will be limited on all contents policies and will vary with the amount of cover sought and the value of the valuables.

Voluntary Driving Restriction

In return for restricting the driving of the car to certain people, insurers will reduce the premium charged.

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