Car Hire Excess Insurance - Money Saving Expert

What is Car Hire Excess Insurance?

Car hire excess insurance is an insurance policy designed to cover the excess payment that you would be liable to pay in the event of damage to, or theft of, a rental car. It’s an additional insurance that you can purchase separately from the car rental company. This extra protection can save you from a hefty bill in the event of an accident or theft, as the excess can sometimes be as much as £1,500. This insurance policy can also be used to cover additional drivers that you may have added to your rental agreement.

The excess payment would be the amount between the amount of damage or theft that has occurred and the amount that the rental company’s insurance will cover. For example, if the cost of damage to the rental car is £2,000, and the insurance company will cover £1,500, then you would be liable to pay the remaining £500 as an excess.

Why is it important?

Car hire excess insurance is important to have, as it can save you from a potentially large bill if something were to happen to the rental car while in your possession. In some cases, the rental company’s insurance may not cover the full cost of the damage, and in this situation, you would be liable to pay the remaining amount. It is important to be aware of the insurance policies of the rental company before you rent a car, as some rental companies may not offer adequate insurance coverage.

In addition to the potential cost of an accident or theft, car hire excess insurance can also provide you with peace of mind, as you can be sure that you are covered in the event of an emergency. It can also provide you with financial protection if you are travelling overseas and the rental company’s insurance does not cover the cost of damage or theft in the country you are travelling to.

Money Saving Expert

Money Saving Expert is a website that provides advice and guidance on how to save money on car hire excess insurance. They offer a range of tips and advice on how to find the best car hire excess insurance for your needs, as well as advice on how to make sure you are getting the best deal. Money Saving Expert also provides reviews of the different car hire excess insurance policies on the market, so you can be sure you are getting the best value for money.

Money Saving Expert also offers advice on how to save money on car hire excess insurance when you are travelling. They provide information on the different types of cover available, as well as advice on how to make sure you are getting the best deal. They also offer advice on how to compare different policies, so you can be sure you are getting the best value for money.

Conclusion

Car hire excess insurance is an important insurance policy to have, as it can save you from a potentially large bill if something were to happen to the rental car while in your possession. Money Saving Expert is a great resource for finding the best car hire excess insurance policies, as they provide reviews of the policies and advice on how to find the best deal. By using Money Saving Expert, you can be sure you are getting the best value for money when it comes to car hire excess insurance.