Topics
on car hire rental:
daily
Car Hire Excess Insurance – Getting A Good Deal...
When
hiring a car, you will need some form of insurance. That insurance may be included
(in part) in the rental fee or you may have purchased it from the car rental company
as a series of separate items. Whichever is the case, this insurance may not protect
you from the full costs of an accident in the rented vehicle.
You may also need something called Daily
Car Hire Excess Insurance.
That’s
because the car rental company’s insurance policy will almost certainly come with
what is called ‘Excess’. The excess is an amount of money that the car rental
company will expect you to pay towards the costs of any claim – even if you have
their insurance in place. They may refer to this as the ‘first-part’ of any insurance
claim and the amounts can be significant. Depending upon the country you’re renting
in and the rental company concerned, the excess can be set anywhere between 500
and 1500 pounds or perhaps even a little higher.
The
way it operates is simple if financially painful! If there is a 1000 pounds excess
on the car hire company’s policy and you have an accident that results in a 1500
pounds claim, then the rental company will debit your credit card with 1000 pounds
as the ‘first part’ of that claim. If the damage happened to result in a claim
for only 400 pounds, then you would have to pay it all. It’s worth remembering
that excess charges following an accident with a rented vehicle can prove controversial.
You may have little or no control over who assess any damage, who repairs it and
at what cost.
Understandably,
the excess and the financial risks it constitutes, may make many renters uneasy.
There is though a way of protecting yourself against this – daily car hire excess
insurance.
Through
the rental company, you may be able to purchase additional insurance that will
reduce or perhaps eliminate the excess altogether. They may call this ‘excess
insurance’, ‘SUPER-CDW’ or more commonly ‘top-up insurance’. Whatever it’s called,
it’s likely to be expensive and far more so that the same insurance purchased
elsewhere.
If
you look through the Internet, you’ll find direct insurance providers who also
offer various forms of car rental insurance including daily car hire excess insurance.
Their policies are usually very significantly cheaper than the same products sold
by the car rental companies. It also works simply – you purchase the insurance
for a specified number of days (they also offer policies on an annual basis) and
the insurance company would then reimburse you for any excess payments the car
rental company may charge you.
These
companies offer daily car hire excess insurance policies that are not only cheaper
but which also offer other advantages. As they are sold to a policyholder for
a period of time, they will cover any vehicle rented during that period (subject
to terms and conditions). This could offer major flexibility benefits. It may
well be worth making the effort to check out these companies and their products
in a little more detail.
Source
insurance4carhire.com
May 2009
See
also
Return
of the Self Drive Holiday - Fifth Gear's Vicki-Butler Henderson
suggests the Top 10 Driving Holiday Routes - January 2012
Insurance4carhire
and the JML Group Strike Gold - August 2010
Insurance4carhire.com
the Car hire insurance specialist lowers costs of Annual European Policies Press
Release -July 2010
Celebrity
Mechanics and Nightmare Passengers - April 2010
Maps
Sat Navs and forgotten underwear - April 2010
Insurance4carhire.com
offers huge savings for holiday makers - Press Release April 2010
How
the road more travelled can cost less with insurance4carhire.com - April 2010
Insurance4carhire.com
gives back to the community throughout 2009 - April 2010
Which?
Holiday Research brings credit to insurance4carhire.com
Insurance4carhire.com
appoints Hills Balfour Synergy for PR Representation
Insurance4carhire.com's
Best Drives in the US - January 2009
Money
saving, Peace of Mind and Top Tips from Insurance4carhire.com
this Winter - December 2008
Back
to top
Return
to Car Hire Excess Blog Notes Info
_______________________________________________________
The
jml Insurance website advertises and introduces you to many insurance products.
To enter this site click on logo below
PROPERTY:
Rental, Landlords', Home Contents & Buildings, Tenants', Overseas Property Insurance,
Self Build, Structural Warranty, Blocks of Flats and more..
TRAVEL: Holiday Travel, Ski, Backpacker Travel and
more
MOTOR: Car Hire Excess, Car, Caravan, Motor Bike,
Motor Excess Insurance, Senior Motor, Student Car, Taxi, Van, Womens Motor, Young
Driver
STUDENT: Rental, Tenants', Student Car, Student Travel
PET:
There is no NHS for pets, make sure your family pet is properly
covered
WEDDING: Safeguard your big day now
by getting comprehensive insurance for your wedding
HEALTH
& LIFE:
Life, Health, Dental Plan
BUSINESS
INSURANCE: General Business, Public Liability,Shop
and Retail, Office, Tradesmen and Surgery and Clinic insurance,
Employers liability, General Business and more
MOBILE PHONE - CREDIT CARD
PROTECTION and more...
Irish
Property Insurance
Holiday
Homes, car hire excess insurance and more
Find
out more Here 
Back
to top
_______________________________________________________
