Thursday 18 December 2008

Car hire excess company now offers Lifestyle excess insurance and Motor insurance Excess Insurance

Good news for anyone who is worried about those insurance excess amounts if you need to claim. Those very nice people at insurance4carhire have introduced a policy for people who are not renting a car, but just taking out their annual pet insurance, house insurance, motor insurance and health insurance.

These products from their brand insurance4excess are for consumers in today’s market who could claim on their insurance and end up paying the excess.

It works in this way. A customer takes out the Silver £500 Excess policy that costs £75. The client has a £500 Excess on their main insurance policy. A claim is made to the amount of £1200. They are liable pay the first £500, and the Insurance Company pays the remaining balance of £700. Once the valid claim has been settled they will be reimbursed.

There are three levels of cover. Bronze that costs £49 will cover up to £250 excess, Silver costing £75 will cover up to £500 and Gold costing £99 will cover up to £750 of excess.The products are under the insurance4carhire banner and the Motor excess policy has been around for the past couple of years or so.

In fact jml-insurance,co.uk have been introducing this product on line when I met up with Larry Ursich the founder of insurance4carhire at the London Motor Show and he was promoting it there. As my company jml-insurance.co.uk was one of insurance4carhire’s long established agents, it seemed a natural progression to add it to the products available.

The products works along the lines that generally the higher an excess a consumer opts for the cheaper the premium will be, however if there is a claim then the customer lands up paying the excess. Like the other lifestyle product range there a three levels of cover. Bronze costing £39 covers up to £250, Silver costing £59 covers up to £500 and the Gold policy costs £79 and covers up to £750 of excess.

2009 is a time when consumers will be wanting to save money and by purchasing excess insurance they can do this if they are likely to be claiming on their insurance policy and having to pay the excess so it seems like a good idea to start the new year with.

Enjoy the Christmas and New year break and if you are hiring a car when you are away, don't forget to get your car hire excess insurance. You can even buy it on a Daily basis at £4.50 a day now. That won't break the bank balance!