SUMMER holidays are here and for the next two months many will be heading off. With more and more people putting their own holiday packages together, there are a few insurance products you may wish to consider that will save you time and money.
Many of us who book flights on Aer Lingus, Ryanair, British Midland or Aer Arann will be familiar with the car hire offers at knock-down prices.
Often the price you are quoted does not include car hire excess cover, which can cost you an arm and a leg when you purchase it at the car hire counter.
A good money-saving tip is to purchase your own policy before you leave. If you rent a car a few times a year, then an annual policy will save you even more money.
Car Hire Excess Cover
If you are hiring a car on holidays (or for work) then you should consider taking out a car hire excess cover policy before you leave home.
Most car hire arrangements generally cover collision damage waiver (CDW) and theft.
However, should you damage the rental car, or should the car be stolen, the driver is asked to pay the first portion of the repair or replacement costs. This is known as the excess.
In most agreements the insured is still liable for the first portion of the repair or replacement costs otherwise known as the excess, which can be up to €2,000. The policy insures you, the policy holder, not the rental vehicle.
Excess is a voluntary insurance. You can save significant time and money purchasing a car hire excess policy before collecting your vehicle at the car hire desk.
Decline the car rental company's excess cover at the counter when you collect the car.
If the car is damaged or stolen, the car rental company will charge your credit card for the excess amount and you can then claim for reimbursement on your policy.
The policy covers the excess on a car hire policy up to a maximum of €3,000 of damage, including damage to windows and tyres, fire, vandalism, theft or loss of use of the rental vehicle.
Source
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment