CAR HIRE EXCESS INSURANCE vs. SUPER COLLISION DAMAGE WAIVER
Round 1. terms and conditions
Car hire excess reimbursement insurance: This kind of insurance policy were founded by insurance4carhire and ever since many insurance companies followed them and created their own car hire excess products. When you buy one of these products you are in contract with the insurance company not the car rental company. The reason for this that the policy covers you as a renter and not the rental car.
Super CDW: Offered at the the rental desk when you pick up your car (or sometimes during the online booking) by the rental agent. Usually the rental price include the CDW and with SCDW you can shift your liability to the rental company if something happens to the rented vehicle.
Round 2. the coverage
Car hire excess reimbursement insurance: It covers damage, theft, windows, tyres, roof and undercarriage of the rental car. Top of this most of the product will cover loss of the keys, personal belongings locked in the car or even miss fueling the car can be covered. We can say it is possible to find a car hire excess product covering everything during your rental period. This car hire excess insurance product will cover the excess up to 3000GBP.
Super CDW: It covers damage and theft of the rental car. Usually won’t cover tyres, roof, keys and undercarriage of the car. Sometimes SCDW will only reduce the excess to a smaller amount (ie. instead of €1200 the excess will be €150 if SCDW purchased)
Round 3. the price
Car hire excess reimbursement insurance: The daily policy prices are between £1.90 – £4.47/day depending on where do you want to rent a car in Europe, worldwide or in your home country. Annual car hire excess policies are also available for multiple rentals under 365 days. This annual car hire excess cover’s prices start from £39/year.
Super CDW: The price varies from country to country and from rental company to rental company. Rental companies can charge between £10 to £25/day for their SCDW in most countries. There are some companies who will only charge £3-4-5 or 6/day in certain countries.
Round 4. claiming
Car hire excess reimbursement insurance: If anything happens to the car the rental company will charge the renters credit card or won’t release the amount blocked on the card. Then you have to claim it back that amount from your car hire insurance provider. This procedure requires to send the following documents to their claim departments: – Certificate of the insurance, – Car rental agreement, – Charge receipt, – Accident damage report, – Police report (if police attended), – Invoices/recipes or documents confirming the amount charged by the rental company – Copy of the driver’s licence – Bank details. It can take some times (from a couple of days to 1-2 weeks) while they reimburse the amount charged by the rental company
Super CDW: It is important to follow the instructions what the rental company stated in the rental agreement if you were involved an accident. Usually you have to fill out and sign an accident report. There is no long waiting for the money to arrive back because they won’t charge it in the first place.
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[…] but there are same advantages too. Most of the time with this policy in Spain you will get a “0 excess insurance” in the price. This insurance would cost €10-20 a day to have this with a full-full policy. […]