The amount a person does not get back from the insurer when they make a claim on their insurance. For example, if a car is insured for an agreed value of $10 000 with an excess of $1000, the insurer will pay only $9000 on a claim if the car is written off.
![FLS CEO Hamish McLachlan reflects on September](https://fls.org.au/app/uploads/2024/09/A-msg-from-the-CEO_September-1.png)
A message from the CEO – September 2024
Read article ›