What is an excess?
Most insurance policies have an excess, or a ‘deductible’ as part of your cover. This means that when you claim, the insurer first removes the excess from any amount they will pay you as part of the settlement. Your chosen excess will also affect the cost of your policy.
Worldcare Travel Insurance Excess
When you select a Worldcare Travel Insurance plan, you can adjust the excess levels to suit your preference. An excess, as stated in your Policy Certificate, will be deducted from our settlement if you make a claim (unless a higher excess has been imposed on your cover by us and confirmed to you in writing). The excess applies under this Policy Wording to each separate event giving rise to a claim. There will be no excess charged if you have purchased and paid premium for a No Excess Policy Wording. This will also be shown on your Policy Certificate. Your Policy Certificate will be issued to you as confirmation of cover.
Worldcare Travel Insurance is issued and managed by AWP Services New Zealand Limited trading as Allianz Partners and underwritten by Allianz Australia Insurance Limited ABN 15 000 122 850 (Incorporated in Australia) trading as Allianz New Zealand. You should consider the Policy Wording before making any decisions about this travel insurance policy.
For further information on Allianz Australia Insurance Limited's financial strength rating, please refer to the following Financial Strength Rating and Overseas Policy Holder Preference Disclosure Notice found at https://www.worldcare.co.nz/.
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