免赔 Traditional form: 免賠 Pinyin (reading): miǎnpéi Definitions: (insurance) excess Characters: 免 - to spare, to excuse from; to evade 赔 - to compensate, to pay damages, to suffer a loss Traditional characters: 免 - to spare, to excuse from; to evade 賠 - to compensate, to pay damages, to suffer a loss