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What is car hire excess insurance?
When you hire a car in the UK or abroad, car rental companies will usually charge an excess for any claims that arise from loss or damage to the rental vehicle, which can be anything from €100 to over €2,000!
So if you have an accident, the vehicle is stolen, or damaged, you may have to pay this excess amount to the car hire company.
Under this insurance, excess is defined as the amount for which the insured person is held responsible under the terms of the car rental agreement as a result of the physical loss of or damage to the rental vehicle, including fire, vandalism, theft and loss of use.
When you hire a car in the UK or abroad, CDW (Collision Damage Waiver), Theft and Third Party Liability are normally included in the rental price.
What is the excess when renting a car?
Excess or Deductible is the amount of Excess you must pay under the terms of your Car Rental Agreement because of damage to the Rental Vehicle.
The Excess is the difference between the amount of the damage caused to the rental vehicle and the amount covered by the Collision Damage Waiver (‘CDW’) or additional insurance cover from the rental vehicle company.
If you purchase Excess Waiver or Non-Waiver from the rental company you should not be responsible for any excess, but check your agreement. If you do not purchase the Excess Waiver or Non-Waiver, but purchase our cover, if you pay an excess we will reimburse you, subject to the terms, Conditions, Limitations and Exclusions of your Policy Wording.
Remember the car hire companies Excess Waiver or Non-Waiver is usually several times more expensive than our cover.
- Up to 8% commission.
- Commission is only due on the gross premium, excluding IPT (Insurance Premium Tax).
- 30-day cookie length.
- A validation period of 45 days.
- No administration charges for policy changes.
- Annual Worldwide or European and short term Worldwide or European policies also available.
- Friendly UK based staff on a local UK telephone number weekdays 09:00 – 17:30
- No push button phone menus.
- A customer service email address which is replied to within 24 ‘business hours’.
- Quote online and purchase within only a few minutes 24 hours’ a day.
- Covered by the Financial Services Compensation Scheme.
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