A clause or provision in a Policy where the Insurer pays all losses over a given level i.e., franchise, but no losses below that level i.e., falling within the franchise. Contrast with excess.
The Rantings of the barely human.
A clause or provision in a Policy where the Insurer pays all losses over a given level i.e., franchise, but no losses below that level i.e., falling within the franchise. Contrast with excess.