Car Hire Excess Protection Insurance: What You Need to Know

What Is Car Hire Excess Protection Insurance?

Car hire excess protection insurance is an additional insurance policy that you can take out when hiring a car. It is designed to cover the excess charge you will incur if you damage the vehicle during the hire period. Without the insurance, you could be liable for the entire cost of the damage, which can run into thousands of pounds.

The excess charge is the amount you must pay the car hire company if you damage the vehicle. It is the first part of the repair cost that must be paid. The car hire company will then claim the remainder of the cost from your car hire excess protection insurance provider, who will pay out the full cost of the repairs.

What Does Car Hire Excess Protection Insurance Cover?

Excess protection insurance covers the excess charge you will incur if you damage the vehicle during the hire period. It also covers any repair costs the car hire company will claim from you if you damage the vehicle, up to a certain amount. The policy covers all drivers that are listed on the rental agreement, including any additional drivers.

The insurance will also cover you for any towing and recovery costs you may incur if you have an accident or breakdown. It will also cover you for any personal items that may be stolen from the vehicle.

Do I Need Car Hire Excess Protection Insurance?

If you are hiring a car, then it is highly recommended that you take out car hire excess protection insurance to cover yourself against any costs you may be liable for if you damage the vehicle during the hire period. The excess charge can run into thousands of pounds and without the insurance, you would be liable for the entire cost of the repairs.

It is also a good idea to take out the insurance if you are planning to take a longer journey as you will be covered for towing and recovery costs if you have an accident or breakdown.

Where Can I Get Car Hire Excess Protection Insurance?

Car hire excess protection insurance can be purchased from a number of different providers, including insurance brokers, car hire companies and online. The cost of the insurance will depend on the provider and the type of policy you choose. It is important to shop around and compare different policies before deciding which is best for you.

It is also a good idea to check the terms and conditions of the policy to make sure you are aware of any exclusions or limitations that may apply. This will help to ensure you are fully covered for any eventuality.

Conclusion

Car hire excess protection insurance is an important additional insurance policy to take out when hiring a car. It is designed to cover the excess charge you will incur if you damage the vehicle during the hire period and any additional costs the car hire company may claim from you. It is highly recommended that you take out the insurance to protect yourself against any unexpected costs.

The cost of the insurance will vary depending on the provider and the type of policy you choose. It is important to shop around and compare different policies before deciding which is best for you. It is also a good idea to check the terms and conditions of the policy to make sure you are aware of any exclusions or limitations that may apply.