Car hire excess policy can save you serious money when you rent a car abroad. It’s cheaper to take out this policy than buy the car hire company’s more expensive one at the car rental desk. Most of the people feel the pressure when they arrive at the airport. They just want to drive away by their rental car to their hotel and they don’t have time to understand the quality of the insurance. Sometimes they feel pressured to just sign it and and take the car.
When you rent a car, you do need insurance as if it was your own. When you sign your car rental agreement it will cover CDW (collision damage waiver), theft and third party liability. If anything happens to your rental car during the rental period then you have to pay a portion of the costs, this is the excess. The excess insurance is usually very expensive (£9.99 a day), you may have to pay as much as £2,000 towards the damages while you can buy car hire excess insurance online in advance and it would only cost you £1.99 a day in Europe, £5.99 a day in the Americas and the Caribbean (excluding Cuba) and £2.99 a day in the rest of the world excluding the Americas and the Caribbean. (prices of course may vary)
Most Important Benefits of Excess Insurance For Car Hire:
- It covers the excess a hirer would have to pay.
- It also covers for damage to tyres, windscreens and the undercarriage
- It’s available in the UK or abroad.
- Up to £4,000 cover for excess on theft and damage claims.
- It also provides baggage cover, car rental key cover and personal accident too.
- Additional drivers are also covered without any extra cost.
- Collision Damage Waiver product for Worldwide including the Americas and the Caribbean (excluding Cuba), not only covers the hirer’s excess, but also insures them for up to $100,000 for damage to the rental car and $1,000,000 for Third Party Liability.
