Great Excess Insurance rip-off - EU Car Rental firms fleece Brit drivers with
massive excess Penalties
bills of up to £1,000 leave travellers with dents in their wallets
of car rental firm policies exclude damage to tyres, windows and undercarriage
catch standalone Excess cover at just £49 a year saves drivers £££s
driving rented cars in the Eurozone are vulnerable to huge
Excess penalties of up to £1,000 which car rental firms can
swipe from their credit cards, reports standalone Excess insurance
territories where car rental companies have Brits over a barrel include popular
European holiday and
second home hotspots such as Italy,
France and Ireland.
overseas, many UK drivers have to accept the car hire firm's
policies at inflated prices or else drive away with no protection
against a host of potential problems," says Insurance4carhire.com
even with a policy bought from their car rental firm, drivers may still have to
cough up in the event of a breakdown or damage to the undercarriage, tyres and
windows as many firms exclude this from their policies.
is astounding that many hire car drivers don't bother with the small print - this
can potentially cost them hundreds of pounds should they return with a chipped
window for which they weren't covered," he says.
would strongly advise anyone hiring a car abroad to read their policy documents
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 a standalone insurance
provider before leaving the UK.
Portugal, with its hefty Excess penalty of up to £1,000, generally includes damage
to the undercarriage, tyres and windows, those travelling to France could be stung
by a charge - between £550 and £750 - as damage to those parts of the vehicle
is generally excluded."
charges in the Eurozone
research, January 2008
Insurance4carhire 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.
policies for Europe start from £49, covering the policyholder and all additional
drivers on the car rental agreement for multiple uses throughout the year.
convenient cost-effect policy for those who travel for long periods of time, especially
to long haul destinations, is the worldwide policy from £69 which is valid for
up to 60 days for any one car rental agreement.
about this Press Release
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.
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.
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.
4 Car Hire is now part of the Towergate
Partnership the largest independently owned insurance
intermediary in Europe.
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