What is an Excess?

Your financial contribution towards any valid claim.

The excess is the amount you must pay towards any valid claim, applicable to each incident resulting in a claim. This amount is deducted only if the claim is accepted.

Please refer to the policy wording for details of the policy sections to which the Excess applies.

The Excess You choose will be noted on Your Certificate of Insurance. 

If You make multiple claims against Your policy, the Excess will be applicable to each claim that arises from a different incident.

Please refer to the Schedule of Benefits in our Product Disclosure Statement (PDS) / Policy Wording for more details.

Product Disclosure Statement (PDS) for Australian residents 

Policy Wordings for New Zealand residents