Compare compulsory excess and voluntary excess.
Compulsory excess
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Voluntary excess
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Compulsory excess is the amount payable by insurer in his pocket during claim.
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Voluntary excess is the extra amount is payable by insurer in his pocket to minimize premium amount.
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The compulsory excess is set by your insurer.
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The voluntary excess is set by you.
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This amount is same for all insurance companies.
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This amount is varies from customer to customer.
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This amount is mandatory.
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This amount is not mandatory.
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