What does excess mean when talking about insurance?

Question

What does excess mean when talking about insurance?

Answer 1

Well, it means "extra".  Common definition of the word.

There should be a word after it, to give more of a clue.

Most old "umbrella liability" policies are now "excess liability" policies.  But without a context, or more of a question, that's the best I can do.

Answer 2

the amount you need to pay to process your claim.

ie. you have an accident in your car, it's a got damages to the value of $2000 you try to claim for them your insurance company will charge you an excess. generally a couple of hundred dollors. but it depends on your age or driving time or how many claims you've previously made.

if your a young punk you'll get charged alot of excess

if you are a frequent claimer of have heaps of accident then it will go up each time because your almost not worth insureing. a liability!