Excess


 

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Excess

Applies to an insurance claim and is simply the first part of any claim that must be covered by yourself. This can range from £50 to £1000 or higher. Increasing your excess can significantly reduce your premium. On the other hand, a waiver can sometimes be paid to eliminate any excess at all. Always check the excess in your policy.

Excess

The specified amount a policyholder must bear before the insurers pay a claim. The inclusion of an excess, whether compulsory or voluntary or both, lowers the premium.



Similar Matches

Excess supply

Excess supply

Supply minus demand. Thus a country's supply of exports of a homogeneous good is its excess supply of that good.


Excess demand

Excess demand

Demand minus supply. Thus a country's demand for imports of a homogeneous good is its excess demand for that good.


Excess kurtosis

Excess kurtosis

Kurtosis measures the "fatness" of the tails of a distribution. Excess kurtosis means that distribution has fatter tails than a normal distribution. Fat tails means there is a higher than normal probability of big positive and negative returns realizations.


Excess return on the market portfolio

Excess return on the market portfolio

Difference between the return on the market portfolio and the riskless rate.


Excess contribution

Excess contribution

The amount by which an IRA contribution exceeds the allowable limits. If an excess contribution is not properly corrected, a 6% IRS penalty applies.


Further Suggestions

Insurance excess
Excess profit
Excess Condemnation
Excess accumulation
Excess profits tax
Policy excess


 
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