How do you explain excess insurance?
Insurance excess is the amount you have to pay towards the overall cost of an insurance claim. It's usually a pre-agreed amount. Your insurer will then contribute the rest – up to the limit of the cover. You'll see insurance excess on insurance products like travel, motor, home and health.
What types of excess are there?
So it's important to be familiar with the different types and whether they could apply to you. At AAMI, there are six types of excess: standard excess, unlisted driver excess, flexi-premium excess, age excess, inexperienced driver excess, and driver history excess.
What is excess used for?
Excess is used to describe amounts that are greater than what is needed, allowed, or usual.
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[PDF] an overview of primary and excess coverage issues for claims
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[PDF] Excess Workers Comp and Liability Coverage Forms
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[PDF] Motor Excess Insurance – Standard Wording AXA Assistance UK Ltd
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[PDF] Collision Damage Waiver & Supplemental Liability Plus Excess
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