Travel Insurance Excess vs Deductible: What You Pay Out of Pocket
Travel Insurance Travel Insurance Excess vs. Deductible: What You Pay Out of Pocket Two words cause more confusion on a travel insurance quote than almost any others: excess and deductible. They sound like different things and sit in different corners of the policy, yet they usually describe the same idea, the amount you pay before the insurer pays anything. Understanding it takes five minutes and can change which policy you choose and how much you actually receive when you claim. The definitions How it works Worked examples How it's applied Choosing an amount Common mistakes FAQ The Definitions: Same Idea, Different Words Excess is the term used in many countries, including the UK, Australia, and much of Europe. Deductible is the term most common in the United States and Canada. In travel insurance, both mean the portion of an eligible claim you cover yourself before the insurer pays the rest. It is worth separating this from three othe...