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Car Hire Excess: Your Car Hire Needs

Posted On : Nov-04-2011 | seen (818) times | Article Word Count : 379 |

Car Hire Excess is the excess amount that the lead driver must pay from his/her own pocket in the event of a claim on the car hire insurance. If a hired car is damaged or stolen, you are liable to pay the first portion of the damage. This amount can be quite a lot depending on the country in which you hire the vehicle and the car hire company. A car hire excess insurance policy will cover this excess so you are not at any financial loss.
We often hire a car while traveling abroad for comfort reasons and in order to avoid various difficulties we may face by traveling on buses or taxis. As it is not always possible to take your own vehicle overseas with you, a lot of people opt to hire a vehicle to use while on holidays. With the insurance cover on a hired vehicle, often comes a hefty excess. In order to cover theses excesses we should always purchase a Car Hire Excess policy before we sign the rental agreement.
What is Car Hire Excess? Car Hire Excess is the excess amount that the lead driver must pay from his/her own pocket in the event of a claim on the car hire insurance. If a hired car is damaged or stolen, you are liable to pay the first portion of the damage. This amount can be quite a lot depending on the country in which you hire the vehicle and the car hire company. A car hire excess insurance policy will cover this excess so you are not at any financial loss.
Generally the Car Hire Excess policy works on a reimbursement i.e. you pay the excess amount according to the terms and conditions of different companies in the event of an accident or damage and then submit a claim to their Car Hire Excess insurer so that they can get their money back.
The following things must be considered before buying Car Hire Excess
 Check and understand carefully what is covered and how much excess protection is offered by the insurer
 Check whether the cover is on daily or annual
 Carefully read the terms and conditions and find out whether they are set for a maximum claim amount
 On an annual policy, confirm with the insurer whether there is a restriction on the number of rentals within the year or an number of days within the rental
 If there are any additional benefits that are offered with the Car Hire Excess then what are they?
 The number of drivers that can be named on the agreement
 The vehicles that are not covered under the policy.
So do some research and compare various terms and conditions so that you can get the best value Car Hire Excess.

Article Source : http://www.articleseen.com/Article_Car Hire Excess: Your Car Hire Needs_100062.aspx

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The author likes to write on general awareness topics like the Car Hire Excess

Keywords : car hire acess,

Category : Reference and Education : Legal

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