What is an Excess?
An excess (or deductable) is the first part of any claim that an insured person has to pay, usually a £50 excess is applicable per person per claim for losses relating to personal baggage, money, medical expenses, cancellation, curtailment, missed departure and wintersports equipment. However please check the Policy Summary or the Policy Document for the precise terms.
An Excess is the amount of money that the insurer would have to pay out in the event of a claim needing to be made. This money would have to be paid to the insurer before they deal with the residual amount of the claim. Most polices have an excess. You can volunteer to a pay a higher excess making you likely to make savings on the upfront cost of your car insurance policy. It must be remembered that the only reason this reduces your premium is because you will pay out more when making a claim. When you are thinking about the costs of your car insurance, this should not be forgotten! < Back What different types of excess are there? An Excess is the amount of money that the insurer would have to pay out in the event of a claim needing to be made. This money would have to be paid to the insurer before they deal with the residual amount of the claim. Most polices have an excess. You can volunteer to a pay a higher excess making you likely to make savings on the upfront cost of your car ins
Under most sections of InsureandGos travel insurance policy you have to pay the first part of any claim, called an excess. This will apply to each person claiming and to each incident and to each section of the policy which a claim is made under. The amount is shown within the policy wording booklet under each of the sections where it applies.
