Understanding Car Hire Insurance Excess Protection Cover

When you hire a car, you may be offered insurance to cover you in the event of an accident. You may think that this is enough to provide you with peace of mind, but you may also be offered a product to cover you in the event of your excess being charged. This is known as Car Hire Insurance Excess Protection Cover.

What is Excess Insurance?

Excess Insurance is a type of insurance policy that covers the cost of the excess if you are involved in an accident in a hired car. The excess is the amount of money you must pay towards any damage or loss caused by an accident. It can be quite a large amount, so this type of insurance can provide financial protection. The amount of excess charged by car hire companies can vary, so it is important to check what the excess is when you hire a car. The insurance will cover this amount in the event of an accident.

What Does Car Hire Excess Insurance Cover?

Car Hire Excess Insurance will cover the cost of the excess in the event of an accident. It will also cover any loss or damage to the car caused by an accident. It will also cover any legal fees incurred if you are taken to court over an accident. In some cases, it may also cover the costs of towing the car away and any expenses incurred while your car is being repaired. It is important to check the policy details to make sure that it covers all of the expenses you may incur.

Benefits of Car Hire Excess Insurance

Car hire excess insurance can provide a number of benefits for those who are hiring a car. It protects you from having to pay a large excess in the event of an accident. It can also provide peace of mind, knowing that you are financially protected in the event of an accident. It can also provide cover for any additional expenses you may incur, such as towing or legal fees. As it is a relatively cheap form of insurance, it can be a sensible addition to your car hire.

Things to Consider Before Taking Out Car Hire Excess Insurance

Before taking out Car Hire Excess Insurance, it is important to read the policy details carefully to make sure that it covers everything you need it to. It is also important to consider the cost of the insurance and if it is worth it for the level of cover provided. It is also important to check the excess amount with the car hire company to make sure that the insurance will cover it. Finally, it is important to make sure that you read the terms and conditions of the policy so that you understand what you are covered for and what you are not.

Conclusion

Car Hire Excess Insurance can provide financial protection in the event of an accident in a hired car. It can cover the cost of the excess and any additional costs incurred, such as towing or legal fees. However, it is important to read the policy details carefully and understand the terms and conditions before taking out the insurance. It is also important to consider the cost of the insurance and if it is worth it for the cover provided.