What is car hire excess insurance?

Basic car hire insurance won’t cover any excess you have to pay if something goes wrong. Car hire excess insurance can be the solution, offering excess reimbursement cover to ensure you are not left out of pocket.

Be prepared with car hire excess insurance

Accidents can happen, whether you hit a wall when you open the car door or someone crashes into you in a car park. Car hire excess insurance through companies such as moneymaxim.co.uk/car-hire-excess-insurance limits your liability if damage or theft occurs.

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Basic insurance requires that you commit to paying a certain amount in the event of a claim, but car hire excess insurance can ensure your excess is reimbursed. This can cover you in the event of damage or theft of the car and keys, along with covering the likes of claim processing fees, luggage theft or damage, and towing expenses.

It is worth knowing that, as explained on the Independent website  standalone hire excess cover is typically cheaper than waivers and excess insurance offered by hire companies whilst usually offering more comprehensive cover. This is vital cover when excesses and repair charges are typically higher with rental cars.

Check the small print

Exactly what is covered by car hire excess insurance depends on the policy and company you choose, so it is important to understand the price, the level of cover, the terms and conditions, and your obligations. Look at the amount of the excess on the car hire insurance. You have to decide the level of excess insurance you need and consider factors such as how long it will take to be reimbursed for any excess you have to pay.

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Compare prices

It is important to compare prices when purchasing any insurance; in addition, it is vital to ensure you are comparing like-for-like. Make sure you look at the terms and coverage being offered to ensure you are not going to end up paying extra or discover at a later date that you did not take out the level of cover you needed.

Jeffrey Bowman

Jeffrey Bowman