The reason the Insurance companies do it, is because in the majority of cases they get away with it.
One should note the False advertising.
How about RSPCA Pet Insurance, they pay out 80% of the claim with NO EXCESS.
NO EXCESS is Bovine Manure, there is a variable excess that is 20% of the Bill.
In all other Instances where there is a fixed excess, the amount paid out is the Cost of the Replacement or Restitution, less the Policy Excess.
Would you take Car or Home and Contents Insurance where the Insurer met only 80% of the loss, and had the cheek to claim there was no excess.
