What does “policy excess” mean on my baggage coverage?
The excess on an insurance policy is the amount that you’ll have to pay per claim for each insured person before the insurance provider will pay out anything towards your claim. On baggage cover this is usually between £50 and £200, but it does vary and can be higher.
When comparing travel cover, there’s always a trade-off to consider between the cost of the insurance cover and the amount of the excess. Often, the greater the excess, the lower the cost of cover may be.
Because of this, be wary of simply buying the cheapest cover – it could well mean a higher excess, which could be more than your baggage is actually worth!