Navigating the World of Car Hire Excess Insurance: A Must-Have or Not?
What is car hire excess insurance?
The Necessity of Excess Insurance
Cost of Excess Coverage
Benefits of Independent Policies
Understanding Standalone Excess Insurance
This insurance works on a reimbursement model. You pay the excess to the rental company in case of damage and later claim it back from your insurance provider. It requires a credit card with sufficient balance for a deposit at pickup.
Rental companies may question the validity of independent policies, but their acceptance isn’t necessary. The insurance works on reimbursement regardless. If challenged, request a written statement or document their objections. They often back down from such claims.
In summary, consider getting excess insurance online before renting a car. It can save you from aggressive sales pitches upon arrival and provide peace of mind, potentially saving you money.