Jargon Buster - Definition of XS
Please select your letter of choice below to see the list of terms:
is an acronym for the term 'excess'. This is the amount that is payable by the insured in the event of a claim. Some policies have compulsory excesses and/or voluntary excesses which must be paid if you wish to claim on the policy. Excesses are often used for car, buildings, contents and private medical insurance; they are however less likely for protection policies such as life insurance, critical illness and income protection plans.
Please note that all definitions are intended for general guidance only. For official and current definitions you should always double check your policy wording.
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