What is Car Hire Excess Insurance?

Car Hire Excess Insurance is a type of insurance policy designed to protect you from the high costs of car rental damage or theft. It covers the excess amount you would have to pay in the event of a claim. It is important to understand that it is not a car insurance policy, but a way to protect you from the financial costs associated with damage or theft to a rental car.

When you rent a car, you will be asked to pay an additional fee to cover any damage or theft to the vehicle. This is called the Rental Vehicle Excess or Car Hire Excess. The cost of this excess can be quite high, so it is important to protect yourself from this cost by taking out a Car Hire Excess Insurance policy.

How does Car Hire Excess Insurance work?

A Car Hire Excess Insurance policy works by covering the excess amount that would have to be paid in the event of a claim. This means that if you have a claim on the rental car, the insurer will pay the excess amount up to the limit of the policy. This will ensure that you are not left out of pocket if something unexpected happens.

The policy will usually last for the duration of the rental period and will cover the specified vehicle. It is important to check the policy documents before taking out a policy, as there may be restrictions or exclusions that could affect the coverage.

What is Money Saving Expert (MSE)?

Money Saving Expert (MSE) is an online resource that provides advice and tools to help people save money. It was founded in 2003 by Martin Lewis, who is a financial journalist and campaigner. It has become one of the most popular websites in the UK, with over 11 million users visiting the site every month.

MSE provides a range of services, including an online car hire excess insurance comparison tool. This tool allows you to compare a range of policies from different providers and find the best one for your needs. It is free to use and is a great way to save money when taking out car hire excess insurance.

Why should I get Car Hire Excess Insurance?

Car Hire Excess Insurance is an essential protection for anyone who is hiring a car. It covers the excess amount that would have to be paid in the event of a claim, meaning that you are not left out of pocket. It is also important to note that some rental companies may require you to have a Car Hire Excess Insurance policy in order to rent a car.

Using a comparison tool like MSE is the best way to find the right policy for you. It is quick and easy to use and can help you save money on your car hire excess insurance. It is also worth doing some research before taking out a policy, as there may be restrictions or exclusions that could affect the coverage.