The excess charge is an insurance clause created to lower premiums by sharing a few of the insurance coverage risk with the policy holder. A standard insurance policy will have an excess figure for each type of cover (and perhaps a various figure for particular kinds of claim). If a claim is made, this excess is deducted from the amount paid by the insurer. So, for example, if a if a claim was produced i2,000 for personal belongings taken in a break-in but the house insurance coverage has a i1,000 excess, the service provider might pay. Depending upon the conditions of a policy, the excess...