![](https://cos-cdn.shuashuati.com/pipixue-web/2020-1231-2005-12/ti_inject-812ce.png)
The meaning of "Excess" is as follows: "In the event of an excess of 5% being applicable on the loss of GBP100" which means that any loss up to GBP5 is payable by the (1)( ) insurer/( ) insured, and GBP95 is payable by the (2) ( ) insurer/( ) insured.