i need to ask what the word "excess" mean?

rainhawk87 SG

as above?
excess 1000+ if happen accident?

i need to pay 1k+ will settle or the total damage deduct 1k only?

casshern SG

excess is the damage u need to incur before u can claim insurance if i’m not wrong

Ah Wei SG

In the event of an accident, if the total claim is 5k, you will still have to pay 1k. The remaining 4k covered by insurance.

So, excess the lower, the better.

newbie22 SG

however.. lower excess higher premium.. so it depends loh.. dun buy ntuc insurance.. they dun take cases seriously.. they didnt pay the person i bang.. then ka ni na they send me lawyer letter.. na beh