Excess Protection Insurance for Car Hire

What is Excess Protection Insurance?

Excess Protection Insurance is a type of insurance policy specifically designed to cover the excess on a rental car. The excess is the amount of money the rental company requires you to pay if the car is damaged or stolen. It is usually a large amount of money, so it can be a huge burden if you don't have the funds to pay for it. Excess Protection Insurance helps to alleviate this burden, as it covers the excess amount, up to a maximum limit, so you don't have to worry about having to pay for it out of your own pocket.

Do I Need Excess Protection Insurance?

Whether or not you need Excess Protection Insurance for your car hire depends largely on your personal circumstances. If you are planning to rent a car that is of a high value, then it is probably a good idea to take out the insurance. This is because the excess amount on such a car is likely to be very high, and if you don't have the funds to cover it, then you could be in a lot of trouble. However, if you are planning to hire a car of a lower value, then the excess may not be as high, and thus you may not need to take out the insurance.

What Does Excess Protection Insurance Cover?

Excess Protection Insurance usually covers the excess amount you have to pay if the car is damaged or stolen. It does not usually cover any other damage or theft that occurs during the rental period, such as damage to personal items, or any damage to the car caused by you or another driver. It is also important to note that most policies do not cover any damage caused by an animal, or any damage resulting from an accident involving another vehicle.

How Much Does Excess Protection Insurance Cost?

The cost of Excess Protection Insurance depends on the amount of excess you need to be covered for and the length of the rental period. Typically, the longer the rental period, the more expensive the insurance will be. It is also important to note that the cost of the insurance may vary depending on the car hire company you are renting from, so it is always worth shopping around to find the best deal.

Where Can I Find Excess Protection Insurance?

Excess Protection Insurance is widely available from car hire companies, as well as from some insurance providers. It is important to make sure that you read the policy documents carefully to ensure that you are getting the best coverage for your needs. It is also a good idea to compare policies from different providers to make sure you are getting the best deal.

Conclusion

Excess Protection Insurance is an important type of insurance for anyone who is renting a car. It helps to cover the excess amount if the car is damaged or stolen, so you don't have to worry about having to pay for it out of your own pocket. It is important to shop around and compare policies from different providers to make sure you are getting the best deal for your needs.