Put simply, if you hire a car and it gets damaged or stolen, the ‘Excess’ (sometimes called the ‘Deductible’) is the amount of money you have to pay the rental company upon returning the vehicle.
Car hire excess insurance is an optional insurance policy, which protects you against any excess charges you may incur should your hire car become damaged or stolen.
Other terms commonly used to describe car hire excess insurance include excess insurance, excess waiver insurance and Super CDW.
Let’s say you hire a car and the vehicle comes with standard car hire insurance included (referred to as the collision damage waiver or loss damage waiver). As is the case with most personal motor insurance policies, it’s likely that you’ll still be liable to pay an excess before the rental company cover the rest of the cost. This means that you could be liable to pay hundreds, if not thousands, of pounds if anything happens to the hire car, regardless of whether it was your fault or not, should this insurance not be in place.
By buying car hire excess insurance from iCarhireinsurance.com, you’ll be covered against excess charges of up to £6,000. What’s more, our policies also cover vulnerable parts of the vehicle often excluded from standard rental company policies, such as tyres, windscreen, roof and undercarriage.
We’re one of the first in the industry to be able to offer European excess insurance to residents Worldwide! So whether you’re a US resident on vacation, or an Australian business traveller – we’ve got you covered!*
We’re also the first car hire insurance provider to allow customers to submit claims fully online – making the process faster, simpler and more secure.
For additional information on the above please visit our FAQ’s section or visit our contact centre to speak to a member of the team.
* Residents outside the EEA are eligible to purchase European policies only.