What does it mean if your insurance policy has an excess of £500? What does it mean if your insurance policy has an excess of £500?

• Possible answers:

   
• A. The insurance company will pay the first £500 of any claim
• B. You'll be paid £500 if you don't claim within one year
• C. Your vehicle is insured for a value of £500 if it's stolen
• D. You'll have to pay the first £500 of the cost of any claim