Question

What is the significance of the term "time-excess" in insurance policies?

a.

It refers to the time it takes for a policy to come into effect.

b.

It is the period during which an insured must file a claim after a loss.

c.

It represents the time limit for policyholders to pay premiums.

d.

It indicates a specific period during which deductibles apply.

Answer: (d).It indicates a specific period during which deductibles apply. Explanation:In insurance policies, "time-excess" refers to a specific period during which deductibles apply.

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Q. What is the significance of the term "time-excess" in insurance policies?

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