With terms like 'excess' and 'endorsement' used by risk professionals every day it's helpful to know what they mean in plain English. And no, 'excess' isn't something that happens at the best parties!
Flood InsuranceThis is designed to reimburse property owners from loss due to flood. Usually sold in connection with a government flood insurance plan. Some insurers no longer offer insurance policies in places where there is a high risk of flooding.
This is another way of saying how much an item is worth - such as a car or jewellery - of similar age and in similar condition at the time you make a claim.
Mortgage term insurance
This offers protection to cover a mortgage for a specific term.