If you are renting a car, the company you are renting from may ask you to purchase insurance. This insurance works very much in the same way as general car insurance. If you were to suffer an accident or the rental car was written off, you may claim on the policy. If you injured someone in the rental car or damaged a third party’s property the typical rental insurance policy covers this. A car hire excess policy may be taken out on top of your rental insurance to help with the costs for excess, if a claim is made on your rental insurance.

How much is the excess on a policy?

The amount of excess you may have to pay typically depends on your rental company. Some may ask for a lower amount than others. Whatever the amount of excess, this is money that has to be found out of your own pocket. However, with a car hire excess insurance policy behind you the financial costs for the excess generally come from the insurance policy. Your excess policy may cover the whole amount of the excess or up to so much of it. Even if you have to pay a small amount of the excess yourself, the insurance may save you a great deal of money in the long run.

So where might I get insurance for the excess?

The car rental company may ask you to take insurance from them, and they may even offer car hire excess insurance. However, you may be able to make savings on the cost of the insurance premiums simply by going to a specialist hire car excess insurance online provider. When taking on any form of insurance there are typically terms and conditions, so always ensure that you have checked these. Finding out that you cannot make a claim on the policy when you need may be devastating financially.