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What is car rental excess insurance?.

 

Sadly, it relates instead to something that may hit your pocket hard ? even though you may think you have something in place to avoid it.

 

Insurance and excess

 

Many forms of insurance use what?s called an excess. It?s a legal agreement between you and the insurers (or car hire company) that confirms you?ll pay the first part of any claim up to a specified quantity.

 

In the case of car insurance, you agree to that at the time you sign the paperwork when collecting the car.

 

The amount involved may vary but in most countries the figure is going to be somewhere between £500 and £1600.  A lot to pay when you thought you had already paid for insurance as part of the rental deal.

 

If the rental company do charge you excess, it may generally go directly to your credit card.

 

So what is rental excess all about?

 

Although it may not seem entirely just, in reality it is a device insurers use to keep the overall cost of insurance protection down.

 

While this may help it is of no help if you have to make a claim and need to pay it

 

You might deal with it

 

If the thought of the excess worries you, you can typically:

 

• have the company you rent your car with take off the excess but this will cost you;
• purchase online a car rental excess insurance protection from a provider of rental car insurance policy ? this will allow you to get reimbursed for any such charges you are forced to pay to the hire company.

 

This second choice could work out in your favor and it usually comes with additional benefits.

 

Is it a good idea?

 

Only you can in truth decide that.

 

If you are worried about the amount of excess then it may be a great idea to cover the excess. You also need to be aware of any terms and conditions, exclusions and limitations that will apply and you should read these carefully to guarantee you understand them.

 

If you don?t feel either particularly lucky or very wealthy, then making a few further inquiries about car rental excess insurance might be a sensible step to take.

 

 

 

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