Daily Car Hire Insurance
There are times, of course, when you need to hire a car by the day – perhaps it that is as long as you might need it, or maybe your plans are sufficiently flexible that your not yet sure just how long you will be needing the vehicle. To accompany such an arrangement, the rental company will offer the customer a daily car hire insurance rate.
At its most basic, this is most likely to include any third party cover required by law in the country in which you will be driving, plus a Collision Damage Waiver and theft cover, so that you are protected by the necessary elements of insurance against loss or damage to the rented vehicle. As with the standard forms of insurance included in most companies’ rental prices, however, an excess is incorporated into the cover, so that the hirer him or herself continues to shoulder a hefty first proportion of any bill for repairs. In the UK, for example, this excess is typically £600, but £1,000 is not at all uncommon.
Since the daily rental is only a fraction of this amount, therefore, the hirer could stand to foot a bill for any loss or damage to the vehicle that is many times the cost of the car itself. Added to this is the fact that most Collision Damage Waiver provisions do not include damage to the roof, underside, tyres or glass windows of the vehicle and necessary repairs to any of these would need … Continue Reading ...