Excess — your policy excess is the amount you are responsible to pay in the event of a claim. In other words, if you make a claim on your Travel Insurance Policy, the excess is the sum that will be deducted from any claim settlement that may be made. For example, if you make a successful claim for €500 and your policy excess is €75, you will receive €425, because you must fund your excess of €75 - your excess.
The excess level may vary depending on the Section of cover. For example the Cancellation and Curtailment Section may have a different excess to the Baggage Section, so check the excess levels in each Section.
You can waive the excess on all sections of your travel insurance policy for a small additional premium when you purchase your policy, provided you are aged 70 years or under. You can purchase an excess waiver on our Annual Multi Trip, Comprehensive or Winter Sports Policy option. This means that if you need to make a claim, you have the peace of mind that there will be no excess deducted from any claims settlement.
Some policies available on the market may offer higher excesses so they are cheaper to purchase, however, in the event of a claim, remember that the excess will be deducted before any settlement. So you may find yourself out of pocket for hundreds of pounds.
Excess Waiver insurance is popular among travellers who want the added peace of mind that no excess will be deducted from any claim they may need to make.
Purchasing Excess Waiver is a good idea to ensure that you avoid any excess deduction in the event of a claim. This additional option provides total peace of mind that you will be fully compensated should an unforseen ilnness or injury, loss of baggage or cancellation of the trip occur without the worry of you having to fund the policy excess.
You can add Excess Waiver cover at Stage 3 of the purchase process if you have selected an Annual Multi Trip, Comprehensive, or Winter Sports Policy and you are aged up to 70 years. This is an inexpensive option that provides you with the added benefit of a nil excess policy.
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