Understanding the Cheap Car Insurance Policy for Rental Vehicles
If you have ever approached a vehicle rental company, hired a car and been unfortunate enough to damage it somehow, then you would be well aware of what the rental agency demands in lieu of that damage. When such a situation occurs, the rental agency can charge a sum of up to 1,000 pounds in the form of what is known as 'excess charges'.
Needless to say, these excess charges also apply to a situation where you have lost the rented vehicle itself. However, you do not have to get stuck in the trap and can actually keep yourself protected against such situations. You can do this by searching of car insurance policies specifically designed for rental vehicles. The following are some details regarding rental vehicle policies that you should know about before you go and buy one.
1. These types of policies provide you with cover for the entire 1,000 pound excess charges. This translates into the fact that if you damage the rental vehicle or lose it then you would not have to provide the excess charges that the rental agency levies on you. These excess charges are, instead, paid by the policy provider.
2. Since these policies are for rental vehicles, they do not insure the vehicle itself. Instead, they cover the driver i.e. you. In fact, if you have included more than one driver in the rental agreement then the policy would provide cover to all the included drivers.
3. Notably, the policy providers even go as far as to allow you to include up to seven drivers into the policy. This means that, regardless of how big a family you have or how many people you are travelling with, you can include, at least, seven drivers into the policy.
4. These policies are particularly designed for contingencies befalling people who have rented a vehicle and are on the road. Resultantly, these policies provide cover for damage to windows, glass, tyres, the undercarriage and even the roof of the car.
5. Additionally, these types of policies also cover you for up to a sum of 2,000 pounds for damage to other parts of the car. The same amount of cover also includes the threat of theft. Hence, you can be relaxed about parking your car in a new city and not worry about the crime rates of the area.
6. There are three variants of the cheap car insurance policies for rental vehicles. These include the worldwide version that is charged for every day of the rental, annual European cover and annual worldwide cover, which usually works out a cheaper option than paying for daily, weekly or monthly cover.
These specific policies can make a traveller's life very easy. It is advisable that you should look for cheap car insurance for rental vehicles instead of settling for the first one that you see. Alternatively, you can approach comparison websites to do the dirty work for you. This way you can ensure that you get the best policy available in the market.
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