List Of What Does Excess Mean On Your Car Insurance 2022. Imagine that you have an excess of. There are different types of.
If your car is damaged, the amount you pay towards getting it fixed will be set before you purchase your policy. An excess payment refers to the amount of money you'll need to pay when you make an eligible insurance claim under your policy. This amount is confirmed when you take up or renew your policy, and the money goes towards the cost of repairing or replacing your vehicle.