Insurance excess
The excess is the part of a claim the policyholder may need to bear under the policy terms. A lower premium is not automatically better if the excess, exclusions or cover do not fit the home and risks.
What it means in practice
The excess is the part of a claim the policyholder may need to bear under the policy terms. A lower premium is not automatically better if the excess, exclusions or cover do not fit the home and risks.
What to do with this information
- Compare cover, exclusions and excess together.
- Keep policy documents and renewal/review dates in My Home.
- For a claim, follow the insurer’s process and preserve evidence.
How this connects to your home
Fang can store insurance review dates, documents and repair history against the property.
This is general product education, not legal, tax, engineering, safety or insurance advice for a specific property. For a real decision, verify the latest official requirements and use the appropriate professional where needed.