Car Rental Insurance Renewal is here again
19th October 2007
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.
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
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.
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.
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.
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.
Suter contacted the founder of insurance4carhire.com 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.
this time jml-property-insurance.co.uk
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 villas.com clients. Insurance4
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.
insurance.co.uk 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
Insurance.co.uk 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 insurance4carhire.com 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 jmlvillas.com 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.
Property Services October 2007
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