What is excess in travel insurance

What does Excess on Travel Insurance Mean? The definition of travel insurance excess is the amount payable by you, in the event of a claim and is sometimes called 'deductible' rather than excess. Travel insurance excess is typically applicable per person, even when travelling on the same policy.

What is the meaning of excess in insurance?

An excess is the amount you pay towards the cost of your claim for each incident covered by your policy. The total excess you are required to pay is determined by the circumstances of your claim. There are different types of excess, including: standard excess. voluntary excess.

What is an excess fee for?

Under your insurance policy, an excess is the amount of money you need to pay first toward any loss. Your insurer then 'tops up' your contribution, up to your policy limit. Excesses are designed to help keep insurance affordable, by ensuring that people aren't claiming for things they could cover themselves.

What does maximum excess mean?

Good travel cover is essential for peace of mind while travelling, but an excess waiver will ensure that you really don't have anything to worry about at a time when things have gone a bit wrong. At Staysure, the travel insurance excess waiver add-on costs just ꌐ.75.