When you’re comparing policies, it’s important to check the excess, as this can take a deal from being cheap to very expensive.
The excess is the amount you agree to pay should you need to make a claim on your insurance.
For travel insurance claims, excesses are applied on a ‘per section’ basis. For example, if you’re mugged on holiday you might have to claim under the medical expenses section, personal belongings section and money section of your policy. In this case three excesses could be deducted from your payout.