Insurance Glossary
Excess waiver
What is excess waiver?
An excess waiver is an optional benefit, sometimes offered for an extra premium, that reduces or removes the amount you would otherwise pay towards a claim. It lowers your out-of-pocket cost when you claim.
Example
With an excess waiver, a policyholder pays little or nothing towards the repair bill after a covered accident.
Related insurance terms
Ready to compare cover?
Now that you know the lingo, get a free quote and see how much you could save.
Get a Quote Now