What does a ‘deductible’ or ‘deductible excess’ in Travel Insurance mean?

A deductible or deductible excess under Travel Insurance is the amount that you as the insured need to pay yourself towards a claim before the insurance company picks up the rest. For e.g. if your travel insurance policy has a deductible of US$ 100 on medical expenses, and your medical expenses on account of a medical treatment while overseas are for US$ 2000, then you will need to pay US$ 100 yourself and the insurance company will settle the remaining US$ 1,900, subject to product terms and conditions.

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