• 22
  Sep
  2009

• Multiple travel insurance policy excesses

  
  Filed Under: Blogging

When you file a claim under an international travel insurance plan, you have to pay a part of the claim. This is called policy excess in travel insurance. When you receive a reimbursement, the policy excess would be deducted.

In some of the travel insurance plans, a standard excess is applied for every insured member or each claim or each event. This is called multiple excess. The travel insurance policy document can be consulted for knowing this amount.

For example, if 4 members are travelling under a single group insurance plan and all the insured members’ baggage or lost, you need to pay 4 times the standard policy excess. This means that is the standard excess mentioned in the policy is $50, a total amount of $200 would be deducted while reimbursing the claim.

The same rule hold good for a single event. For example, if you have lost a purse and it had camera in it, you need to bear the expense of two excesses as purse and camera reimbursement is considered separate events.

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