Car hire excess insurance
If you hire a car at Lake Como, or anywhere in Europe, insurance will be included in the price. But if the car is damaged, or stolen, you will be required to pay the first part of the repair or replacement cost – the Excess. The exact amount of the Excess will vary from deal to deal, but can easily be hundreds or even more than a thousand, Pounds, Euros or Dollars.
The car – hire company will offer to cover the Excess for an additional payment, which will give you complete peace of mind. Or you can decline it and take a chance instead. But there is also a third option – separate excess cover from Insurance4CarHire. The key feature of this kind of insurance, which is the specialist core activity of Insurance4CarHire, is that it covers the policy holder plus additional drivers (not a specific vehicle) for a small annual premium. If any car hired by you, the policy holder, is damaged or stolen and an Excess charged, you pay it then reclaim it under the Insurance4CarHire policy.
To illustrate the benefits and conditions of such cover: for one payment of £49 per annum, Annual European Excess Cover insures the policy holder (who must be the person hiring the car) and up to seven additional drivers, for unlimited hires at any European car rental locations, subject to a maximum period of thirty one consecutive days for any single hire and a limit of £2000 for any one incident and £3000 in total per annum. It covers Excess charges on damage to the vehicle, including the undercarriage, windows and tyres; plus theft.
The insurance is restricted to those aged between 21 and 74 years old, and is not available if the vehicle is rented from a location within 150 km of your usual residence.
Other policies include Annual Worldwide 31 days and 60 days Excess; and products for Family and Partners, for 75 -85 year olds and for the USA and Canada.
