Natwest Black Account Car Hire Insurance

What is Natwest Black Account?

Natwest Black Account is one of the most popular current accounts offered by the Natwest Bank. It is a premium current account that offers a wide range of benefits and perks to its customers. It is available to those aged 18 and over who can meet the bank's eligibility criteria. Customers who sign up for Natwest Black Account can enjoy a range of exclusive benefits, such as a personalised debit card, preferential rates on mortgage and loan products, preferential rates on savings products, access to exclusive discounts and offers, and an array of insurance products.

Car Hire Insurance

One of the most attractive benefits of the Natwest Black Account is the car hire insurance. This coverage is ideal for anyone who regularly hires cars, whether on business trips or holidays. It covers the cost of damage or theft of a hire car, up to the value of £50,000. It also covers the cost of any consequential loss, such as the cost of a replacement hire car or the cost of an alternative mode of transport. The coverage is valid for the duration of the hire, up to a maximum of 45 days.

Eligibility Criteria

In order to be eligible for the Natwest Black Account car hire insurance, customers must be over 18 and must have held a Natwest current account for at least 12 months. Customers must also have a good credit history and must pay at least two direct debits from their Natwest account each month. Customers must also meet the bank's other eligibility criteria.

Claims Procedure

If customers need to make a claim under their Natwest Black Account car hire insurance, they must contact the bank as soon as possible, and within 30 days of the incident. Customers should provide details of the incident, along with any relevant documentation and evidence. The bank will then assess the claim and make a decision based on the evidence provided. If the claim is accepted, the bank will reimburse the customer for the cost of the hire car or any consequential losses, up to the value of £50,000.

Limitations and Exclusions

The Natwest Black Account car hire insurance does have some limitations and exclusions. For example, the cover does not apply to rental cars that have been hired outside of the UK. The cover also does not apply to cars hired for more than 45 days. Customers should also note that the cover does not apply to any damage or theft that is caused by customers' negligence. Customers should also be aware that the bank's decision on claims is final and binding.

Conclusion

The Natwest Black Account car hire insurance is a great benefit for anyone who hires cars on a regular basis. It provides peace of mind and financial protection in the event of damage or theft of a hire car. Customers should, however, be aware of the limitations and exclusions of the cover, as well as the claims procedure.