What does the term excess in travel insurance mean?

Answer Answer In the USA excess usually means that the benefits are over and above any other insurance that you might have. In practice it means that you first must submit your claim to your primary insur... Read More »

Top Q&A For: What does the term excess in travel insurance mean

What does compulsory excess mean on car insurance?

How much you have to pay if you make a claim on your insurance i.e if your car costs £750 to repair and your excess is £250 the insurance company will only pay £500

What does the term co-insurance mean on health insurance policies?

In health policies co-insurance is a percentage of covered expenses that insured is required to pay in addition to co-payment and deductible For example if you have an 80/20 plan, the insurance co... Read More »

What does the term"major medical"mean in insurance coverage?

The term "major medical insurance" refers to a health insurance coverage plan that covers a larger range of medical procedures and expenses than a standard plan. The coverage plan in a major medica... Read More »

What does loss of deposit mean on a travel insurance policy?

You can't stop tourists from using natural resources. Trying to do that will end your tourist industry on the spot. People are going to use resources no matter where they are. What you want to do i... Read More »