An Excess in a policy is the amount that you will have to bear when you make a claim.Originally Posted by New Bee
An Excess in a policy is the amount that you will have to bear when you make a claim.
Excess is the amount you will bear yourself. Ex- If you have travel insurance - Baggage Coverage for $100 (excess $25). And you lost the baggage during transit. The first $25 you bear and the remaining $75 would be paid by the insurance company.
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