WHAT IS ZERO EXCESS
Before you rent a car in New Zealand, it
is important for you to understand that all rental vehicles there are required
to carry Collision Damage Waiver (CDW) and Theft Protection coverage. Collision (CDW) and theft protection (TP) insurance adds
peace of mind to its entire Customer’s. Most insurance will include an excess,
or deductible, with their policy. In the event of an accident, the driver is
charged an amount of money to cover part of the damage estimates. This is your
excess amount. Excess / deductibles can range from several hundred to several
When you choose a Zero Excess or Excess Free rate,
you remove the excess you'd be responsible for in the event of an accident.
Look for vehicles listed with a "No Deductible Rate" and enjoy
renting a car with CDW and TP insurance; with no deductibles to pay in the
event of a collision.
When renting a car you will often see references in the
Terms and Conditions to the ‘Excess’ amount on the vehicle. Similar to insuring
your own car this insurance excess refers to the amount that you must pay in
the result of a claim.
So if you were to Damage your Car during the Rental period and the car hire
company needed to make an Insurance claim you would be liable for the Excess
Occasionally though you will
see ‘Zero Excess’
offers from car hire companies meaning there will be no excess amount charged
in the event of a claim. This, in effect, is the car hire company paying a ‘no
excess’ policy on your behalf.
THEFT PROTECTION & ZERO EXCESS INSURANCE EXPLAINED
- CDW and Theft Protection greatly reduce the
amount of deductible you're responsible for in the event of a collision or
or Zero Deductible option reduces or removes the deductible owed with an
inclusive CDW and Theft Protection plan in the event of a collision or
ZERO EXCESS WITH SUPER COVERAGE
most of the car if you're in a collision, but may exclude the side mirrors,
undercarriage, roof, wheels, windshield, windows, and interior depending on the
supplier. It's wise to carefully read the terms and conditions for your
individual rental supplier so you don't have any surprises if an accident
An extended coverage insurance option is available from some suppliers to
continue your Zero
Excess coverage to the glass, interior, chassis, tires, and roof.
WHAT IF THE LOCAL SUPPLIER INSISTS THAT YOU PURCHASE
local car rental company's employees are usually trusted with sales, so they
will probably try to sell various company products to customers. With a few
exceptions, all insurance products offered locally will be optional. If the
offered product is said to Zero Excess, it
will probably not be needed in addition to the excess coverage you've purchased
in advance from ClaimyExcess.
Zero Excess car
hire insurance policies - what are they?
collision damage waivers (CDW) come with an excess, meaning you have to pay the
first $xxxx of any damage done to the hire car. So a Zero Excess must mean
you won't have to pay anything must, isn't it?
is yes and no. If something is covered by the CDW then Yes, you won't have to
pay anything if the hire car gets damaged. But there are quite a few things not
covered by most collision damage waivers. Typical exclusions include damage to
tyres, windows, underside and roof of the vehicle where these are the only
areas damaged. So damage to these areas would still be your responsibility. You
would also face charges for losing the car keys or putting the wrong fuel in
where you may be charged is for towing and recovery charges following either an
accident or as a consequence of something else not covered by the CDW. For
example, if you get a puncture on the car and need to be towed off the car to
allow the tyre to be changed, the car hire company would argue that as the tyre
is your responsibility so is the cost of recovery.
policies do have some stranger exceptions. For instance, one will not cover you
if your car gets scratched or dented while unattended in a public car park. So
even with a Zero Excess
car hire, you may still be liable for charges.
If you don't see the type of coverage you wanted listed in
the search results, give our specialists a call at 09-278 8800 or Visit ClaimyExcess and we will make sure you
get the level of coverage you're most comfortable with.