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Policy excess

The mortgage definition for Policy excess:

The amount you will have to pay when you make a claim. For example, this may be the first £100 of a £1000 claim for damage caused by a fire.

Similar Matches

Blanket insurance policy

Blanket insurance policy
A policy that covers more than one person or piece of property.


Policy exclusions

Policy exclusions
These are events, instances or possessions which are not covered by your household or other insurance policy. This can be confusing as the main policy may seem to imply that such events, instances or possessions are covered only to excluded in the small print of the policy. Moral: Read the small print.


Policy schedule

Policy schedule
A policy that details how much cover you have (the sum insured), the discount you qualify for (if any), and the premiums you have to pay. With some policies you may get a new schedule when you renew the policy or whenever you want to change your policy.


Further Suggestions

Traded endowment policy (Tep)


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