Insurance Glossary
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E
- Effective date
- This is the date on which insurance an insurance policy begins.
- Endorsement
- These are items or events that are not covered by an Insurance policy - an example would be allowing a driver not covered on the policy to drive the car covered by that policy.
- Excess
- The excess on a policy is the first part of any claim that the client has to pay.
- Exclusions
- Events not covered by an insurance policy. Typical exclusions include running a taxi service (for motor insurance), overloading your car, or allowing drivers other than those specified in the policy to take control of the vehicle.
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