A policy excess is the amount which you are responsible for in the event of making a claim. All insurance policies contain excesses and this amount is not insured.
For example: If the excess on your policy is €200 and you put in a claim for €500, you must pay the first €200 before the claim is processed. The insurer will settle the claim for €300.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article