What's an excess and how does it work?

An excess is the amount you have to pay towards any claim you make. For example, if you cancel a trip and are entitled to £1,500 back from your insurer but have a £100 excess you'll only get £1,400.

It's worth noting that many travel insurance products have separate excesses for different sections of the policy. For instance, some providers may make you pay an excess on both stolen cash and luggage. So if your suitcase was nicked and your wallet was inside you would have to pay an excess on both.

It's important to check all excesses so you know exactly what you will have to pay if you make a claim.