When you hire a car, the rental company will usually offer you insurance to cover the cost of any damage to the vehicle. However, this insurance usually comes with a excess, which is the amount you will have to pay if you make a claim. The excess can be a few hundred pounds, or even more, so it's important to be aware of it before you hire a car.
Costs of damage to a rental car
Car hire excess is the amount of money you are responsible for paying if your rental car is damaged or stolen. The excess is usually a percentage of the car's value, and you will need to pay it if you make a claim on your rental car insurance. You can usually buy car hire excess insurance from the car rental company or from a third party, and this will cover you for the excess amount.
Car hire excess insurance policy
Car hire excess insurance is an insurance policy that covers the excess amount on your car hire agreement. This excess is the amount that you are liable to pay if you damage the car. The insurance policy will pay out this excess so that you are not left out of pocket.
Annual car hire excess insurance
If you're planning to hire a car, you may have come across the term 'car hire excess'. But what is a car hire excess, and do you need to take out insurance to cover it?
A car hire excess is the amount you're liable to pay if your hire car is damaged or stolen. The excess is usually a few thousand pounds, and it can be even higher for luxury or sports cars.
If you're not careful, the cost of repairing or replacing your hire car could leave you out of pocket. That's where car hire excess insurance comes in.
Car hire excess insurance is designed to cover the cost of your car hire excess, up to a certain amount. So, if you damage your hire car, you won't have to pay the excess.
There are a few different types of car hire excess insurance, but the most common is a standalone policy. This is an insurance policy that you take out separately to your car hire.
Standalone car hire excess insurance policies usually cover you for more than the excess on your hire car. They may also cover you for other things, like personal belongings that are stolen from your hire car.
If you're hiring a car, it's worth considering taking out car hire excess insurance. It could save you a lot of money if you damage your hire car.
If you're hiring a car, it's likely you'll be asked if you want to buy car hire excess insurance. This is an insurance policy that covers the excess you have to pay if you damage the car. It's usually sold by the car hire company, but you can also buy it from other insurers.