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Annual Car Rental Insurance Renewal is here again

Released 19th October 2007

In October 2004 Philip Suter of JML Insurance and his wife read an article in a Saturday national newspaper about the benefits of taking out an annual car rental excess policy.

They rented cars at least half a dozen times a year and noticed how they were usually told that if the car was damaged there would be a large amount of money to pay and that was not included in the car rental standard insurance.

Naturally not wanting to have an additional worry they paid for additional insurance cover. They had never had a problem when renting a car apart from the time they used a low cost company who claimed the standard small Mercedes that was provided throughout that company's fleet had damage.

At that particular time a lot of people were invoiced for "alleged damage" and following a BBC television consumer programme the "alleged damage" deductions were refunded.

This incident and the fact that when you arrived at an airport to collect the car you were persuaded to part for non-budgeted income made this new product look interesting.

The policy would cost around 50 each for European cover and renting a car several times a year would make it great value. Car rental companies would normally charge insurance excess by the day so even if you rented twice a year, the bill soon mounts up.

Philip Suter contacted the founder of Larry Ursich, who had founded the company two years earlier in 2002. Larry had run his own car rental booking company for 10 years or so and noting the high costs being charged by the car rental companies for Excess cover, decided to develop a better alternative.

By this time were selling a lot of HomeLet landlords and tenants property rental insurance policies and this alternative looked very interesting. Larry appointed jml Insurance as web agency and since then thousands of these policies have been sold to jml insurance and jml clients. Insurance4 car hire also cover North America and offer worldwide policies and two European renewal policies have just been sold to Philip Suter and his wife as the October termination notifications have been received.

Jml also offers other products from the husband and wife team of Larry and Maureen Ursich. "They keep on finding interesting non standard insurance products" says Philip. These include Second Home Emergency Travel Insurance, Motor Insurance Premium Reduction insurance and Car Key Insurance - it can cost over 400 to get a new set of car keys! It would interesting to see what products they develop next


Company Information

jml is part of jml Property Services, the trading name of Jeffrey Milner Ltd. The company is an UK based company that was established in 1979. jml insurance acts as an introducer for insurance companies selling property insurance including landlord and tenant rental products, pet insurance, wedding insurance, motor insurance, car hire excess insurance, travel insurance and non standard insurance products. Originally for rental property insurance in 2002 with products like HomeLet and Letsure, other specialist products like car rental excess insurance from were soon added. Today there is a very large selection of products including specialist providers for ex-offenders, overseas property insurance, business maternity cover etc. They also operate an online marketing service for owners of holiday home property to advertise and are part of the jml Group that includes jml Training and Consultancy. Philip Suter has been involved in the letting business in the south of England for over 30 years.

jml Property Services October 2007

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See Also

Insurance Industry News Press Releases 2012

Insurance Industry News Press Releases 2011

Insurance Industry News Press Releases 2010

Insurance Industry News Press Releases 2009

Insurance Industry News Press Releases 2008

Insurance Industry Press Releases 2001 -2007

Independent insurance Articles

jml Press Releases

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jml Property /jml Property Services acts purely as an online web promotion service for insurance companies. We are not insurance brokers and are unable to offer advice or deal with any of our advertisers enquiries. It is not an insurance comparison price website.. All dealing must be with the insurance company that you will gain access to via a link from this website. jml Property Services are unable to give advice either verbally or in writing regarding insurance or assist with changes to insurance policies that you have taken out. You must contact the insurer direct. We are therefore unable to provide any quotes ourselves as we would be breaking the law.

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