The A-Z House Insurance Guide.
When looking into buying house insurance it can be a bit daunting when you come across all the terminology involved. So we have compiled a guide to insurance terminology.
Click on the relevant letter that the term or word begins with and find out what it means.
E
Endorsement
A written amendment to an insurance policy that has become a legal entity within the insurance documentation.
Excess
An amount of money a policyholder is required to pay towards the cost of a claim. This is usually split into different excesses such as compulsory and voluntary.
Excess of Loss Policy
A specialist excess policy that covers claim costs that exceed the amount specified in the original policy.
Exclusion
A stated situation or condition that an insurance policy does not cover.
Exposure
The extent to which an insurer is subject to losses arising from a covered risk.
