It’s hard to imagine yourself in an accident. You may assume you’ll never have one because you are a good motorist. You don’t have to worry only about your driving when you hire a car. 22% of claims were made for damage caused by a vehicle that was left unattended.
Claims for rental cars being stolen or written off are rare. It’s more common to find low-level damages, such as a missing wing mirror after parking outside a hotel in Italy or damage caused by opening your car door on a concrete block at a beach car park.
What is the cost of this cover?
If you wait until the last minute to buy car rental excess insurance, you may end up paying more than you should. At the rental counter, it could cost as much as £150 per week.
It doesn’t have to be expensive, if you do your research. For Car Hire Excess Insurance, visit Money Maxim
What other benefits can I expect from an independent insurance policy?
Most claims are for damages to tyres or windscreens. Many waivers offered at the rental desk do not cover damage to the vulnerable parts of the car. An independent policy that includes this is a better option.
What should I know about independent excess insurances?
Independent policies are reimbursed. If you damage your rental car, you would have to pay an excess fee to the company and then request reimbursement from your insurer with proof such as your paperwork. You will still be required to give your rental company a credit card that has enough funds on it as a security deposit.