Rental Vehicle Excess Insurance On A Budget
When you hire a rental vehicle, you have a financial
liability to pay the repair cost of any vehicle damage that is because of the
vehicle being stolen or damaged while in
The financial liability has a number of names including the
Damage Liability Fee, Rental Vehicle
Excess Insurance, Damage Recovery Fee and Accident Damage Excess (these
terms all mean something very similar).
As the owners of the vehicle, the car rental company has insurance for the full hire car value and passes on the liability for the rental vehicle excess insurance component only to the customer hiring the vehicle.
The actual rental vehicle excess insurance value changes relying upon which vehicle rental company you hire a vehicle from, what vehicle type you hire and where you collect your hire vehicle from. The Rental Vehicle Excess Insurance amount is set by the vehicle rental company that you hire the vehicle from and is define in the Rental Agreement (contract between the vehicle rental organization and the client that you sign) when you get your contract vehicle. Each rental is exceptional so it's imperative to check the particular obligation level, considerations and prohibitions of your particular rental when contracting a vehicle.
Rental Vehicle Excess Insurance will be insurance for your rental vehicle excess when procuring a rental vehicle.
Our team's hands on experience in bespoke insurance solutions and claim handling makes us #1 preferred choice with businesses and individuals NZ wide.