A car hire excess insurance site insurance4carrental.com has now gone live. The site explains the purpose about taking out car hire insurance whenever someone rents a car.
It is well known that car hire companies naturally want to sell this additional insurance whenever you rent, however taking out an annual policy is a very cost effective way of saving money.
When you hire a car, your car rental agreement includes cover for Collision Damage Waiver (damage to the rental vehicle) and Theft. There is almost always an Excess on the Collision Damage Waiver and Theft.
Excess is also known as, non-waiver, the deductible or super CDW. Excess is a voluntary insurance and is sold by car rental companies at the counter when the customer collects the car. It is usually charged on a Daily basis. The customer has the right to accept or decline the car rental companies Excess. If they do decline, they will be responsible for the excess charges if they have any damage to the vehicle.
The cost of the Excess will vary according to:
• The rental company
• Size of the rental vehicle
• The country in which the car is picked-up
Taking an example of a four day car rental the total daily rate is bettween £33 and £46. An annual car hire excess policy from insurance4carhire costs £49 for Europe, so it does make a lot of sense to take out annual policy.
The insurance4carrental.com site has two companies advertising. insurance4carhire.com and questor insurance.
The site also has other useful information including, a warning on loosing you car hire vehicle's keys, a check list before you drive away the rental car and certain practises carried out by some car hire companies.
Quite often you will collect your car rental from an airport and can be tired after the flight. Even a short haul inter European flight can prove stressfull. It is easy to be talked into additional excess insurance at the car rental check in desk, however if you have taken out an annual policy, then this solves a big problem. You just say "I have my own excess insurance thank you" Also take care when you do this that you are not told by car hire representative that the one you have is no good etc.
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