Benefits of Buying a Car Hire Excess Insurance Policy
When planning abroad holiday it is popular to hire a vehicle there so that you can get to travel around and see the sights. By renting a car you can plan each day of your trip exactly as you choose and enjoy it at your own pace. When you hire a car you will be required to pay the first portion of any claim that arises as a result of an accident or damage to the hired vehicle. This is known as the excess.
Car Hire Excess insurance policies can work out cheap to purchase. The cost of purchasing a policy will cover any excess your car hire insurer may charge you which will be a much smaller amount than the possible excess bill. In addition Car Hire Excess Insurance can cover tyres, keys, windscreen and undercarriage. There are so many different plans offered by insurance companies to cover car hire excess. For example, if you take regular trips for either work or leisure and hire a car on each trip then considering an Annual Policy is recommended. These policies work on a pay and claim basis, therefore you pay the excess to the car hire company and then reclaim it from your car hire excess insurance
Car hire is a big business and because we rent more and more cars each year for business or pleasure, we must remember that we are not driving a vehicle that belongs to us, so it is our inherent responsibility to be cautious and careful.
While renting a vehicle the car hire company usually provides a new car usually that is less than 2 years old. After signing the rental agreement you will be responsible for any damage that is caused to the vehicle.
If you are renting a car near your home you should be aware of your insurance policy, whether you require in-country cover or not. Some excess insurance policies exclude rentals that start within a certain radius of the home address. So it is essential to check the policy wordings to ensure that your insurer does not exclude this type of use.
It is best to think about this before you refuse car hire excess insurance because if something bad happens it can cost you a lot more than the premium cost. Many customers don’t consider this until they get to the rental desk and find themselves faced with insurance charges which are as high as the original rental price. Car Hire Insurance is definitely worth buying, but it is clear that it is worth shopping around to get the deal for your rental car.
I am James Frenkline , doing research and writing articles on car hire excess.
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