Whether you’re heading abroad on holiday, taking a business trip or simply hiring a car here at home to run errands, insurance is a key requirement for your rental. Insurance protects you financially against everything from a minor scrape to a severely damaged car. However, acquiring insurance for your hire car can be a costly business – particularly if the policy you have chosen comes with a hefty excess.
Hidden Extras
Unfortunately, insurance policies taken out on car hire often come with a surprisingly lengthy list of exclusions – that is to say, a list of things which the insurance will not pay out for. This may include things like lost keys or chipped windscreens, among others. Policyholders are potentially liable for covering the cost of these damages, as well as the excess on their policy, and this can really add up.
A large excess payable by the policyholder even in the event of a claim that is covered can often come as a nasty shock to anyone who finds themselves in the situation of having to make a claim. It can run into hundreds of pounds.
Excess Insurance Protects You
Fortunately, car hire excess insurance can be the answer to this potential problem and is usually quite cheap to purchase. Excess insurance offered by a specialist such as Money Maxim can be a low-cost way to protect yourself against the above costs in the event of unforeseen damage to your hire car.
Excess insurance will cover the things which ordinarily find themselves on the excluded list of your everyday car hire insurance policy.
Getting your insurance policies sorted before you pick up your hire car is always the best course of action, according to consumer rights experts Which. Hire car company staff can sometimes be a touch pushy in trying to get you to purchase their insurance, but simply showing them your policy should be enough to prove you have it covered.
Excess insurance provides peace of mind whenever you find yourself hiring a car, whether at home or abroad.