Over 50s home and car insurance specialist Castle Cover has released the 'Excess Protect' product, offering their customers the opportunity to avoid an excess payout in the event of a claim.
The new product is available for an annual payment of £22.95, and as the policy covers the customer for up to £500, they are able to select a higher excess on their car insurance.
Simon Stanney, Head of Product at Castle Cover says that Excess Protect could make Castle Cover customers a real savings in the long run: "If the worst does happen and suddenly you find yourself with an excess to pay, it can throw out your finances. Excess Protect is a way of safeguarding against that. And with this cover you are free to choose a higher excess on your car insurance, which may result in a reduction on your overall premium."
For more information regarding Excess protect, or Castle Cover’s home and motor insurance, see http://www.castlecover.co.uk
