
E
Endorsement
This is a written amendment to an insurance policy that becomes a legal part of the insurance documentation.
Excess
This is an amount of money that the policyholder has to pay towards the cost of a claim. There is normally a combination of compulsory and voluntary excesses. More information is available on young driver excess in our FAQs .
Excess of Loss Policy
This is a special excess policy which covers claims costs exceeding an amount specified in the policy.
Exclusion
This is a specified property, person or event that the insurance policy does not cover. Market Exclusions are exclusions that the insurance market finds uninsurable.
Exposure
Whether, and the extent to which, an insurer is subject to losses arising from a particular risk.

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