Insurance glossary

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.