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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
4 March 2008
- Wise-up
and learn the car rental company's terminology before you
leave home to avoid costly mistakes
- Read
the car rental company's insurance policy terms to see what
you're actually covered for
- Avoid
getting stung by an unexpected big Excess
Holiday
season kicks off from now until August as thousands of Brits
look forward to a week or two in the sun, but standalone Excess
insurance specialist Insurance4carhire.com
warns of a number of car-hire pitfalls.
Carefree
holiday-makers advised to be wary of car rental firms' insurance
policies at home and abroad and wise-up on trade terminology
- what it means in terms of insurance coverage
The
basic cost of hiring a car can appear very reasonable, and
most of us will sign up for the car rental company's insurance
policy without looking into the small print - however add-ons
- especially for ‘damage' incurred to a vehicle during the
rental period - can run into hundreds of pounds.
"The
majority of us will not bother to read the car rental company's
insurance policy, the terminology used such as CDW, LDW and
non-waiver is very confusing, and getting our heads around
it is the last thing we feel like doing when we are about
to enjoy a week or two of relaxation," says Insurance4carhire.comspokesman
Larry
Ursich.
"However,
by not fully understanding what your policy covers you for
can lead to unexpected costs being deducted from your credit
card at the end of the holiday, should there be even the slightest
scratch to the vehicle - and this is because the insurance
policy has not covered you for the Excess. Wise-up and understand
the terminology before you leave home," says Ursich
The
most common areas of damage are to the vehicle's windows,
tyres, roof or undercarriage - areas which are not normally
covered on the rental firm's own excess cover. Excess charges
can vary from £300 - £1,500 depending on the amount of damage
and the country you are traveling in- a big blow to the holiday
budget.
"Car
rental companies do sell their own Excess cover at the counter,
but it is expensive and can cost as much as £15 per day and
does not always cover you for the total amount of damage to
the windows, tyres, roof and undercarriage.
Even
if you pay to reduce the Excess to zero you may still be liable
for damage to certain parts of the car," says Insurance4carhire.com
spokesman Larry Ursich.
*Insurance policy terminology check list
The
beginner's guide for hassle free car rental
- ALWAYS
read the terms & conditions of the car hire provider's website
& documents
- Check
the Excess - even if you reduce it to zero you may still
be liable for damage
- Check
that your insurance covers all aspects of your trip - especially
if you are planning off-road travel
- Check
the vehicle for any existing damages when you collect the
car. Make notes on the car rental form and take photos
- Take
your car hire company's contact details with you in case
of emergencies and check if there is any breakdown cover
- Check
what time you need to return the car - you will be charged
for any over-time
- Check
your credit card statements after your hire to ensure no
unauthorized extras have been charged to your card
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 ofExcess 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.
Annual
Worldwide cover costs just £59 to provide protection anywhere
in the world where Excess is charged.
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 – Don’t
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
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for car hire excess insurance?
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