Protect Yourself Against Unexpected Taxi Insurance Excess Costs
If you need to pay an excess following a successful taxi insurance claim, Taxi Excess Protection can reimburse that cost when it cannot be recovered from another party. Designed for eligible taxi drivers, this cover helps reduce the financial impact of paying your motor insurance excess after accidental damage, fire, theft or vandalism claims.
Your Taxi Excess Protection
Taxi Excess Protection helps reimburse the excess you are required to pay under your taxi insurance policy following a successful eligible claim, where that excess cannot be recovered from another party. Designed for eligible taxi drivers using their vehicles for commercial use, this cover provides additional financial protection alongside your existing motor insurance policy.
Cover applies following the settlement of eligible claims involving accidental damage, fire, theft and vandalism, with reimbursement available up to £500, subject to the terms, conditions and the Annual Aggregate Limit shown on your Certificate of Insurance.
£500 Excess Cover
Designed for taxi drivers who want protection against higher out-of-pocket costs following an eligible motor insurance claim.
✔ Up to £500 excess reimbursement
✔ Designed for eligible taxi drivers using their vehicle for commercial use
✔ Reimbursement following a successful eligible motor insurance claim
✔ Covers accidental damage, fire, theft and vandalism claims*
✔ One annual premium
£50.40
*Subject to the policy terms, conditions and the Annual Aggregate Limit shown on your Certificate of Insurance.
Taxi Excess Protection Explained
When you make a claim under your taxi insurance policy, you may be required to pay part of the claim yourself. This amount is known as your motor insurance excess and is made up of any compulsory and voluntary excesses that apply under your policy.
Taxi Excess Protection helps reimburse that excess after a successful eligible motor insurance claim, provided it cannot be recovered from another party. Reimbursement is available up to £500, subject to the terms, conditions and the Annual Aggregate Limit shown on your Certificate of Insurance.
For claims where you are at fault, reimbursement is available once your motor insurer has settled the claim. Where you are partially at fault or not at fault, cover applies if your excess has not been recovered from the third party within six months of the incident.
This policy is designed to help reduce unexpected out-of-pocket costs following eligible claims involving accidental damage, fire, theft or vandalism while complementing your existing taxi insurance policy.
Key Benefits of Motor Excess Insurance
Paying your taxi insurance excess after an accident can be an unexpected expense. Taxi Excess Protection helps reduce that financial burden by reimbursing your excess following a successful eligible motor insurance claim, subject to the policy terms and conditions.
✔ Up to £500 excess reimbursement
✔ Designed for eligible taxi drivers using their vehicle for commercial use
✔ Reimbursement following a successful eligible motor insurance claim
✔ Covers accidental damage, fire, theft and vandalism claims
✔ Annual cover with a single premium
✔ Protection available throughout the UK
✔ Helps reduce unexpected out-of-pocket costs after a claim
*Benefits are subject to the terms, conditions and Annual Aggregate Limit shown on your Certificate of Insurance.
What's Covered
Taxi Excess Protection helps reimburse the excess you pay under your taxi insurance policy following a successful eligible claim, provided the excess cannot be recovered from another party. Cover applies up to the Annual Aggregate Limit shown on your Certificate of Insurance.
The sections below summarise the main features of the policy. Full eligibility criteria, terms and conditions are contained within the Policy Wording.
Excess Reimbursement
If you make a successful claim under your taxi insurance policy and are required to pay your policy excess, this insurance can reimburse that amount when it cannot be recovered from another party.
For claims where you are at fault, reimbursement is available once your motor insurer has settled the claim. Where you are partially at fault or not at fault, reimbursement applies if your excess has not been recovered from the third party within six months of the incident.
Theft
If your vehicle is stolen or damaged during an attempted theft, this policy can reimburse your eligible motor insurance excess following a successful taxi insurance claim, subject to the policy terms, conditions and the Annual Aggregate Limit.
Accidental Damage
Cover applies where your taxi insurance claim results from accidental damage to your insured vehicle and your excess becomes payable following settlement of the claim.
Vandalism
If your vehicle is damaged as a result of vandalism and your motor insurer settles the claim, this policy can reimburse the excess you are required to pay, subject to the policy terms, conditions and the Annual Aggregate Limit.
Fire Damage
If your vehicle is damaged by fire and your motor insurer settles the claim, this policy can reimburse the excess you are required to pay, subject to the policy terms and the Annual Aggregate Limit.
Annual Aggregate Limit
The maximum amount payable under the policy is the Annual Aggregate Limit shown on your Certificate of Insurance.
Once this limit has been reached, no further claims can be made during the Period of Insurance.
Ready to Protect Your Taxi Insurance Excess?
Unexpected excess payments can add to the cost of an accident. Taxi Excess Protection helps reimburse your eligible motor insurance excess following a successful claim, giving you added financial confidence every time you're on the road.
Choose Taxi Excess Protection today and get cover designed specifically for eligible taxi drivers.
Who Is This Product For?
Taxi Excess Protection is designed for eligible taxi drivers who want financial protection against unexpected excess payments following a successful motor insurance claim.
This cover may be suitable if you:
✔ Use your vehicle as a taxi for commercial purposes.
✔ Have a motor insurance policy where paying the excess could create an unexpected expense.
✔ Want protection following eligible claims involving accidental damage, fire, theft or vandalism.
✔ Want help reducing the financial impact of paying your motor insurance excess.
✔ Are looking for additional protection alongside your existing taxi insurance policy.
Eligibility requirements, policy terms and conditions apply.
Our Commitment to You
At CoverMyMotor, we are dedicated to providing our clients with the most comprehensive insurance solutions. We understand the complexities of motor insurance and strive to simplify the process for you. Our team is experienced and knowledgeable, ready to guide you through your insurance journey. We believe in transparency and will always keep you informed about your coverage options and benefits. Our goal is to ensure that you feel secure and protected while driving.
