The excess is the amount of money that you have to pay should you file a claim. The higher your excess is, the lower your car insurance premium will be.

You will be required to pay this amount on any claim you make. A high excess can make small claims impractical. Always check this and go for the lowest you can find.

This is the amount of money which you the insured must pay before insurer will settle the rest of the outstanding monies due from the claim.

Going over the prescribed amount or degree e.g. excess luggage is luggage of which the weight is over the weight for free carriage.

Preset non recoverable insurance condition.

this is the amount that you will have to pay towards any claim. See Voluntary Excess

A fixed amount of money which the insured agrees to contribute toward the cost of a claim under an insurance policy.

the amount you must pay towards any claim. You should check to see if it is economical to make a claim as your no claims discount will be affected

This is the amount of money which must be paid first before insurer will settle the rest of the outstanding monies due from the claim.

a contribution that you pay to the cost of a claim

an agreed amount that is subtracted from a claim

an amount of money you have to pay towards the cost of each claim

an amount of money you pay towards the cost of hospital treatment, regardless of the number of days of hospitalisation

An insurance term that refers to the amount of money a policyholder agrees to pay before their insurance company begins to pick up the tab for a claim. For example, in a car accident a policyholder might pay the first £200 of a £2,000 claim. The aim is to stop us claiming on smaller, more common, incidents.

This is an amount of money that the policyholder has to pay towards the cost of a claim. There is normally a combination of compulsory and voluntary excesses. More information is available on young driver excess in our FAQs .

Should you make an insurance claim under your building or contents policy then an agreed amount may have to be contributed by yourself. For example, many policies have an excess of £1000 for subsidence claims in which case the claimant would have to pay a £1000 contribution to the cost of the work.

The excess is the amount of a claim that you will be required to pay. For example, if you have a £100 excess and you make a claim for £1000, you will only receive £900. Generally, the higher excess, the lower your insurance premium will be as you are less likely to claim for smaller amounts. You can reduce the cost of your insurance by selecting a higher excess.

The amount of money which you have to pay yourself if you make a claim on your insurance policy.

The amount you pay when you make a claim on your policy. The amount and type of excess that may need to pay is shown on your Schedule.

This is the amount that YOU have to pay when you make a claim

is the amount of money that you will have to pay when making a claim on an insurance policy.

This is the part of every claim which you must pay with your own money.

In order to reduce their insurance premium, customers may opt to pay the first part of any claim. For instance, they may agree to pay the first USD 150 in return for a lower premium. This USD would be called the 'excess'.

excess is the amount of money that you pay before your insurance company has to shell out. Younger drivers usually have to pay higher excess because they are considered high-risk cases.

this is the amount of money that you agree to pay in the case of a claim before the insurance company will pay the rest.

The first portion of a loss, being an agreed percentage or fixed sum that the insured agrees to bear or a portion another insurer is bearing.

The amount of an insurance claim that must be met by the claimant.

If you make an insurance claim,this is the amount you agree to pay yourself

The money you must pay towards a claim

This is the amount that you will personally be expected to pay in the event of a claim.

When you buy car insurance all insurance companies require you to pay some of the cost if you make a claim. This ensures that the insurer doesn't pay out on small claims. The amount of the excess varies but is typically between £50 and £100. See voluntary excess

Applies to an insurance claim. It is the first part of any claim that must be paid for by the customer.

This refers to the amount of money that is not covered by your insurance company. It is what is not paid by your insurance policy in the event of loss or damage, as in a wreck, to your vehicle.

Applies to an insurance claim. Simply the first part of any claim that must be covered by yourself.

The amount payable by an Insured Person in respect of expenses incurred before any Benefits are paid under the Policy.

The amount the proposer must pay towards the cost of a claim

That which goes beyond, as excess insurance, over and above a primary amount.

The first portion of any claim the Insured is required to pay. This portion is used largely to deter the claiming of small losses, such as scratches and dents to vehicle bodies.

The amount that you have to pay towards each and every claim that you make.

The amount you will have to pay before your building or contents insurance policy kicks in to cover any claim you might make. For example, if your roof disappears in a hurricane, you may have to pay the first £100 towards a new one. The amount varies so always check what the excess is before buying a policy. The cost of the insurance cover can be affected by the level of the excess.

The out-of-pocket expenses that you incur at the time of a claim. Also known as deducible.

The compulsory percentage you have to pay when you make a claim.

The amount of an insurance claim which you are required to pay before the insurer becomes liable to pay on the claim. This amount is specified in the insurance policy.

The amount which you contribute to a claim - e.g. you pay the first £100 A high excess will reduce your premium but you pay each claim [back to Home

The excess is typically the amount that you will have to contribute towards a claim on your insurance. Sometimes these can be set by the client, but are often fixed by the insurer. It is not normally more than a fraction of the total possible claim.

The initial sum you have to pay on an insurance claim.

The amount of each and every claim which is payable by the policyholder i.e. deducted from the claim settlement.

Agreed amount upto which no claim is paid under a policy.

The amount that you have to pay towards the cost of treatment that you receive each membership year that would otherwise have been covered under your membership. This is the amount of your excess. The amount of your excess is shown on your membership certificate.

The first amount to be borne by the insured with each claim.

The section of a claim settlement which must be paid by the policyholder.

The initial amount of an insurance claim that you will have to pay yourself.

An amount being the first part of the cost of a claim, which the insured has to bear in accordance with the terms of the insurance / The balance of a risk that cannot be placed in an insurance market, so that additional cover is needed.

specified initial amount of a claim that the insured has to contribute. If a claim is less than the excess stated in the policy, no payment is made by the insurers. Excesses do not apply to Employers' Liability Compulsory Insurance, as the insurer is responsible for any payments due to the employee.

An amount of money that the policyholder has to pay towards the cost of a claim, for example, the first £50.

The amount by which an overdraft or other credit exceeds its requirements or authorized limits.

This is an amount deducted from any claim settlement and represents your contribution to the claim cost. If you have an excess of £50 and your claim is for £300, then you will only receive £250 from your Insurer. If the accident (in the event of a motor claim) was not your fault then you may be able to recover this from the person to blame (third party) or their Insurers. See Uninsured losses. An excess may be voluntary or compulsory, and may apply only for certain types of claims. Watch out for different excesses for different parts of your policy. (e.g. a motor policy may have a basic £100 excess but the windscreen excess may only be £40. Also there are compulsory additional excesses for young drivers; so £100 excess for you may be increased to £250 for your son or daughter at college).

The amount that will be deducted from any insurance settlement, may be a per item excess or per total claim.

A set amount of money, which forms a compulsory part of / or you voluntarily (usually in order to obtain a premium discount) agree to pay towards your claim. This may apply to each and every claim, or may be payable only on the first claim in any period of insurance.

An amount of an insurance claim which has to be met from the policy holder's own resources.

The amount that has to be paid towards each claim made under this Contract of Motor Insurance. There may be more than one Excess, part of which may be voluntary (where you have chosen to take an excess to receive a discount on your premium). The amount of the Excess is shown on the Schedule.

You can choose to have an excess as a way of reducing your premium. It means that you pay a certain amount of your claim. An excess is calculated on your yearly premium and is only payable once per person and not for every claim.

Compulsory Excess This is the amount your insurers will deduct from each and every claim settlement in respect of loss or damage insured under the policy after all the terms and conditions outlined in the policy wording have been met. Voluntary Excess This is an amount you agree to pay in the event of a claim, in return for a premium reduction. A voluntary excess is additional to and not included in compulsory excess, eg. if you have a £100 compulsory excess and £200 voluntary excess you will pay the first £300 of any claim.

that part of a loss for which the insured is liable

This is the amount you pay when you have to make a claim. Typically young drivers car insurance will have a higher excess than older drivers. read more

this is the amount of money that your will have to contribute towards a claim. Some excesses are compulsory such as subsidence excess; some are voluntary where you can elect to receive a discount in return for paying the first portion of any loss.

It applies to an insurance claim. Simply put, it is the first part any claim that must be covered by policyholder.

The first part of every claim that you have to pay.

Excess is where the insurance company insists you pay the first part of any claim (e.g. £100). This should be clearly spelled out in any literature.

The amount of loss agreed under an insurance policy, to be borne by the insured himself.