excess insurance

Definition

Insurance which applies to that portion of a loss or damage which exceeds a specified amount.

Use excess insurance in a sentence

You should try and make sure that you are always fully covered so that you do not have any excess insurance.

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They had excess insurance and that would cover them if it exceeded a certain amount, which they thought it wouldn't.

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Justin utilized his excess insurance policy to pay for the additional damage to his Porsche that wasn't covered in his standard auto policy.

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