请长老们帮忙看看境外租车的条款

Third party liability (Liability Insurance for damages or injuries to any 3rd party outside the vehicle)
Collision Damage Waiver (covers you against damages to your rental car)
Theft protection (covers you against theft of the rental car)


With this package you are FULLY PROTECTED, except for the first portion of the claim (Excess)
in the event of damage or theft to the rental car:
Excess: 1694 EUR for damages & theft


MANDATORY extras at rental desk:
No mandatory extras! FINAL price!


我的问题是：这条款是免赔额为零的全额保险吗？1694欧元是什么意思？谢谢啦！