“Even a small chip on the windscreen can cost hundreds of pounds,” said Ernesto Suarez, Founder and CEO, iCarhireinsurance.com. “We want to warn students and their parents that while hiring a van can be cost-effective, please be aware that if the van is stolen or damaged in any way, even if it’s not their fault, they could end up with a large excess bill.”
With almost two-thirds (65%)* of van hirers driving a van for the first time, according to 2011 YouGov research, proper insurance cover to protect against the first part of any claim, known as the excess, is absolutely essential.
Buying insurance direct from the van company to protect against the first part of any claim, known as the excess, can cost up to £20 a day, which will still only reduce the liability to £250 - £750 rather than reducing it to zero. Specialist provider, iCarhireinsurance.com, sells daily van hire excess insurance from only £7.99 a day, and reduces the excess liability to zero.
“Driving a van is very different to a car therefore we urge students, and anyone hiring a van, to check their excess liability if they don’t want to end up with a large bill they were not expecting,” said Ernesto Suarez, Founder and CEO, iCarhireinsurance.com.
* Daily Telegraph, 13 Sept 2011 http://www.telegraph.co.uk/education/universityeducation/8759436/OECD-UK-student-tuition-fees-third-highest-in-the-world.html
** YouGov Plc survey. Total sample size was 2007 adults. Fieldwork was undertaken between 1 - 4 April 2011. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+).
For more information please contact:
- Or Frances Knox, Frankly PR,
Notes to Editors: Background on iCarhireinsurance.com Founded in 2009, iCarhireinsurance.com is a groundbreaking new online insurance service that takes the hassle out of hire car, car club and van hire insurance. It offers a range of policies that are fully comprehensive, simple to understand, unbeatable value and accepted at all car and van rental locations worldwide.
iCarhireinsurance.com is a registered trading name of Halo Insurance Services Limited. Halo Insurance Services Ltd was founded by Ernesto Suarez, a leading insurance professional with 13 years’ experience in the industry.
Halo Insurance Services Limited is registered in England number 6929208. Authorised and regulated by the Financial Services Authority Register No. 504629 for the sale and administration of general insurance products in the United Kingdom and throughout the European Economic Area (EEA). Halo Insurance Services Ltd is backed by Bridges Ventures and Magenta Partners.