Question:
What does Excess or Deductible mean?

Answer:

This is the first part of aclaim which You must pay. If you make a claim under your policy, whether you are at fault or not, the Excess would be deducted before any settlement is made to you.

If, at the time of the accident, the person driving your vehicle is young or inexperienced, the Deductible will be higher than the standard deductible.