The survey "uncovered widespread nervousness about excess insurance – the add-on policies that protect consumers against high charges if a car is lost, damaged or stolen
The amount in question varies from transaction to transaction, but can easily be up to £1,500, depending on the make of vehicle.
Excess sums can be stored on customers’ credit cards if they decide against taking out excess waiver policies – another cause of concern for holidaymakers.
Figures show that excess deposits in Europe have gone up by 22 per cent in the last year – while the price of excess waivers has increased by some 26 per cent.
Almost half of those surveyed – 45 per cent – said that they think the cost of excess policies is ‘a rip-off’."‘It’s a scandal that sky-high deposits are being used as a stick to beat with when people are trying to budget for a break,’ says Ernesto Suarez of iCarhireinsurance." Read the The Daily Mail's article Here