Car Rental Excess Insurance Explained

Travelling to Europe by car is an exciting and convenient way to explore all the sights and attractions the continent has to offer. However, before you take the plunge and book your car hire, it’s important to consider the additional costs associated with driving abroad, such as car rental excess insurance. If you’re not familiar with it, you may be wondering what car rental excess insurance is and how it works.

What is Car Rental Excess Insurance?

Car rental excess insurance is designed to protect you financially in the event of a car accident or damage to your rental vehicle. It is an additional form of insurance that covers the excess amount that is usually required when you rent a car from a rental company. This amount is the amount you’d have to pay if there was an incident or accident with your rental car. Rather than paying this amount out of your own pocket, car rental excess insurance covers this amount for you.

Car rental excess insurance is usually offered by the car hire company, but the cost can be quite expensive. Additionally, there are often limits to the cover and you may not be fully protected. Therefore, it’s worth considering an alternative car rental excess insurance policy, rather than the one offered by the car hire company.

Benefits of Car Rental Excess Insurance

The main benefit of car rental excess insurance is that it protects you financially in the event of an accident. Without cover, you would be liable for any excess amount the rental company charges you. Depending on the rental company’s policy, this can be a significant amount of money. Therefore, it’s essential to have adequate cover to protect you from any unexpected charges.

Car rental excess insurance also provides peace of mind, knowing that you’re covered in the event of any damage or incident with your rental car. Additionally, you can often find a policy that offers more comprehensive cover at a lower cost than the car hire company’s policy.

Things to Consider

When choosing a car rental excess insurance policy, it’s important to consider the type of cover you need. For example, some policies only cover damage to the vehicle, while others may also cover theft and personal belongings. Additionally, it’s important to check the policy limits and any exclusions. Some policies may have age limits, for example, so it’s important to check the terms and conditions.

It’s also important to consider the cost of the policy. While it’s important to have adequate cover, there’s no need to spend more than necessary. Compare different policies to find the one that offers the cover you need at a price you’re comfortable with.

Conclusion

Car rental excess insurance is an important form of insurance to consider when travelling to Europe. It protects you financially in the event of an accident and provides peace of mind, knowing that you’re covered. When choosing a policy, it’s important to consider the type of cover you need, any policy limits, and the cost of the policy.