Car hire excess insurance is a type of insurance that is designed to protect you against the excess charges that can be imposed by car rental companies in the event of an accident or damage to the car. This type of insurance can be especially useful if you are hiring a car abroad, as the excess charges can be much higher than in your home country.
What is Annual Worldwide Car Hire Excess Insurance?
Annual worldwide car hire excess insurance is a type of car hire excess insurance that covers you for multiple trips throughout the year. This type of insurance is ideal for frequent travelers who rent cars regularly, as it can save you money compared to buying separate policies for each trip.
The policy covers you for excess charges up to a certain amount, which can vary depending on the policy you choose. It can also cover other expenses, such as damage to the windscreen, tires, and undercarriage of the car.
How does Annual Worldwide Car Hire Excess Insurance Work?
When you purchase annual worldwide car hire excess insurance, you will be provided with a policy document outlining the terms and conditions of the policy. You will usually be required to pay an annual premium to maintain your coverage.
If you rent a car and are involved in an accident or the car is damaged in some way, you will need to pay the excess charges that the rental company imposes. You can then make a claim on your car hire excess insurance policy to recover these charges.
What are the Benefits of Annual Worldwide Car Hire Excess Insurance?
There are several benefits to purchasing annual worldwide car hire excess insurance, including:
- Cost savings – buying an annual policy can be more cost-effective than buying separate policies for each trip.
- Peace of mind – you can relax knowing that you are protected against excess charges and other expenses if you are involved in an accident or the car is damaged.
- Flexibility – you can rent cars with confidence, knowing that you are covered by your insurance policy.
What are the Drawbacks of Annual Worldwide Car Hire Excess Insurance?
There are also some drawbacks to purchasing annual worldwide car hire excess insurance, including:
- Exclusions – some policies may have exclusions that limit the coverage provided.
- Deductibles – you may still be required to pay a deductible before your policy kicks in.
- Restrictions – some policies may have restrictions on the type of car you can rent or the countries you can visit.
How Do I Choose an Annual Worldwide Car Hire Excess Insurance Policy?
When choosing an annual worldwide car hire excess insurance policy, there are several factors to consider:
- Coverage – make sure you choose a policy that provides adequate coverage for your needs.
- Cost – compare the costs of different policies to find one that is affordable for you.
- Exclusions – read the policy document carefully to ensure that there are no exclusions that could limit the coverage provided.
- Deductibles – check the amount of the deductible and make sure you are comfortable with paying it if necessary.
- Restrictions – make sure the policy does not have any restrictions that could affect your travel plans.
Conclusion
Annual worldwide car hire excess insurance can be a valuable investment for frequent travelers who rent cars regularly. It provides peace of mind and can save you money compared to buying separate policies for each trip. However, it is important to choose a policy that provides adequate coverage and to read the policy document carefully to avoid any surprises in the event of an accident or damage to the car.
