Insurers are lifting the default amount people shell out themselves before insurance pays out a claim, helping attract customers in the face of rocketing premiums.
The lifting of the default excess amounts is a subtle way of easing sticker-price shock when potential customers are shopping around for insurance.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
