|
 
Brits
set to get stung this Easter with Sky-High excess insurance
costs EU car rental firms cash in on UK drivers with massive
excess charges
13 March 2008
- Beware
of Excess charges this Easter in Europe's top hot spot destinations
- Excess
bills of up to £1,000 leave travellers with dents in their
wallets
- No
catch standalone Excess cover at just £49 a year for Europe
saves drivers £££s
Easter
is likely to see thousands of Brits heading for the sun.
But
holiday makers driving rented cars in the Eurozone are vulnerable
to huge Excess charges of up to £1,000 which car rental firms
can swipe from their credit cards, reports standalone Excess
insurance specialist Insurance4carhire.com.
A
survey* from Insurance4carhire.com reveals that the top five
European holiday-in the- sun destinations for this Easter
are Malaga (Southern
Spain), the Canary
Islands, Portugal,
Southern
France and Malta
- areas where Brits frequently get stung with Excess charges.
But
of those holidaymakers surveyed by Insurance4carhire.com ,
nearly 40 per cent said they were not aware that they were
liable for these charges.
"Whilst
overseas, many UK drivers have to accept the car hire firm's
Excess cover at higher prices or else drive away with no protection
against Excess on damage and theft," says Insurance4carhire.com
spokesperson Larry
Ursich.
But
even with excess cover bought from their car rental firm,
drivers may still have to pay up for damage to the undercarriage,
tyres and windows as many firms exclude this from their policies.
"During
peak seasons such as Easter when rental queues are endless,
it is a common mistake not to check the small print," he says.
"Rushing through the hiring process can potentially cost them
hundreds of pounds should they return with a chipped window
for which they weren't covered.
"We
would strongly advise anyone hiring a car abroad to read their
car rental agreement as they vary from country to country,
as does the Excess charge which they could be liable for (see
table below). Better still, buy from Insurance4carhire.com
before leaving the UK.
"Although
Portugal,
with its hefty Excess charge of up to £1,000, generally includes
damage to the undercarriage, tyres and windows, those travelling
to France could be hit by a charge as damage to those parts
of the vehicle is generally excluded. Malta & Spain are slightly
more lenient with Excess charges, but it's still worth paying
attentionto what you are signing up for."
c
But
Insurance4carhire.com
has developed an alternative that will save motorists a small
fortune: low annual car rental Excess insurance products to
protect customers whenever they rent a car, with peace of
mind that the total amount of Excess will be covered.
Europe-wide
cover costs just £49, covering the policyholder and all
additional drivers on the car rental agreement for multiple
use throughout the year.
Worldwide
cover costs just £59 to provide protection anywhere in
the world where Excess is charged.
*
Insurance4carhire.com survey undertaken in the 12 months up
to February 2008.
Notes
about this Press Release
Founded
in 2002 Insurance
4 Car Hire is an innovative online insurance company whose
core business is the provision of car rental Excess insurance.
The business was born out of the high costs being charged
by the car rental companies for Excess cover. Insurance4carhire
strives to bring customers annual Excess insurance products
offering customers convenience, peace of mind and very significant
savings when they rent cars.
In
2005, for the second year running, Insurance4carhire received
the accolade of "World's Leading Innovative Ecommerce Travel
Product" from The World Travel Awards. These annual awards
celebrate achievement in the travel industry and are based
on votes cast by travel industry professionals throughout
Europe.
To
reflect the increasingly global reach of its products, Insurance4carhire
changed underwriters to AIG UK Ltd, a member company of American
International Group, Inc., (AIG) in December 2007. AIG is
one of the worlds leading insurance companies with operations
in more than 130 countries.
Insurance
4 Car Hire is now part of the Towergate
Partnership the largest independently owned insurance
intermediary in Europe.
Source:
Insurance4carhire.com
See
also - other Insurance4carhire.com Press Releases
Insurance4carhire.com's
Best Drives in the US - January 2009
Money
saving, Peace of Mind and Top Tips from
Insurance4carhire.com
this Winter - December 2008
Insurance4carhire.com
appoints Hills Balfour Synergy for PR Representation - December
2008
Don't
forget to take car hire excess insurance and travel insurance
for a Christmas or New Year break - December 2008
Drivers
Down Under Hit by biggest Car Hire Excess Charges Dont
go the distance without protection, warns INSURANCE4CARHIRE.COM
- Excess charges incurred by drivers in Australia disproportionately
high compared to other motorists - June 2008
Drivers
Abroad are stumped by hefty Car Rental Excess costs, but could
save £££s on the holiday budget with an annual policy - April
2008
Confusing
car rental jargon, unclear insurance policies and excessive
excess The Big 3 pitfalls that can leave you out of pocket
when hiring a car on holiday, warns Insurance4car.com - April
2008
Age
no barrier to protection for older drivers Low cost excess
waiver policy helps over 75s stay on the Road - March 2008
Brits
set to get stung this Easter with Sky-High excess insurance
costs EU car rental firms cash in on UK drivers with massive
excess charges - March 2008
insurance4car
hire.com - March 2008
Brits
go holiday crazy reckons major survey but Insurance4carhire.com
says watch out for excess car hire charges - March 2008
Trusting
travelers tripped up by Holiday Car Hire pitfalls Wise up
or pay up, says Innsurance4carhire.com - March 2008
The
Great Excess Insurance rip-off - EU Car Rental firms fleece
Brit drivers with massive excess Penalties - February 2008
Towergate
Partnership announces the acquisition of Insurance 4 Car Hire
Agents Ltd - January 2008
Lower
prices for car hire excess insurance from December - December
2007
Annual
Car Rental Insurance Renewal is here again - October 2007
ALSO:
Exercise your constitutional rights in the air - January 2001
Looking
for car hire excess insurance?
Click on logo
Please
note, all details on any of the Insurance industry Press Releases
displayed on this site are provided by insurance companies,
organisations, Government departments and media and jml Property
Services does not take any responsibility for their content
or accuracy.
Return
to insurance Indusry Press Releases
See
Also
jml
Insurance Press Releases
Insurance
Industry Press Releases -2008
Insurance
Industry Press Releases 2001 -2007
Independent
insurance Articles
jml
villas.com Press Releases
jml
villas.com / euro-rentavilla.com Media Coverage
jml
Training and Consultancy Press Releases
| 
