CLEO (Singapore) - - ADULTING -

Check your pol­icy to see if there is an ex­cess that ap­plies to any claims you might make, says Ali­cia Seah, direc­tor of pub­lic re­la­tions and com­mu­ni­ca­tions at Dy­nasty Travel. Ex­cess means there’s a sum you have to fork out first be­fore the in­sur­ance com­pany steps in. “For ex­am­ple, say your bag never ar­rives at your des­ti­na­tion and you file a claim for $1,000 to re­coup the costs. If the ex­cess is $300, this means you pay $300 to re­place your items and the in­surer will give you the re­main­ing $700,” says Ali­cia.

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