Towergate Insurance is reminding customers not to get stung by excessive car rental excesses at home and abroad. Car hire insurance offered by the rental car company normally includes cover for Collision Damage Waiver (CDW) and Theft, so you are still liable to pay the first portion of the repair or replacement costs. This is also known as the excess or deductible. The excess amount on insurance for car hire ranges from between £500 and £1,600, so if your excess is £500 and someone drives into the back of you causing damage of £750, you will have to pay £500.
In many countries, car rental insurance policies include CDW and SLI as standard. However, if you are renting in certain countries, such as those in North, South or Central America, you may need to purchase CDW and SLI separately.
insurance4carhire offers you the flexibility to cover your car hire excess for a length of time which suits you. So whether you hire a car regularly or just for a few days per year, we can provide a cover period to match.
Car hire excess insurance is an additional insurance policy which can protect you from the excess costs that you are required to pay in the event of an insurance claim on your hire car.
If you’re looking to hire a van, you will need to make sure you are insured against damage or theft of the vehicle and any damage to a third party. Read our guide to ensure you get the right insurance for the vehicle you have hired.