What is the meaning of ‘excess’ amount for vehicle insurance?
The excess amount is like a damage deposit for the vehicle. Rental motorcycle/car insurance agreements specify an excess amount, which is the maximum liability of the person renting the vehicle in case of damage caused during the rental duration. For example, if the excess amount for your vehicle is 1,500 euros, your liability is ‘up to’ that amount. So if you drop a bike or scratch your car during the tour, only the cost of repairing the damage is recovered from your excess amount, which may be, say, 100/200 euros and not 1,500.