What does it mean if your motorcycle insurance policy has an excess of £100?

Question topic: Essential documents , Motorcycle

What does it mean if your motorcycle insurance policy has an excess of £100?

The insurance company will pay the first £100 of any claim

You'll be paid £100 if you do not have a crash

Your motorcycle is insured for a value of £100 if it's stolen

You'll have to pay the first £100 of any claim

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