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Car Hire/Car Rental Insurance and general terms and jargon defined: Collision/Loss Damage Waiver: This is the term often used to desribe the basic insurance typically included in the price of your car rental agreement. Collision/loss damage waiver is required by law when hiring a car and in Europe, New Zealand, Australia and South Africa it should be included in the price of the car rental agreement. Super CDW: This is a term given to the excess insurance sold by the car rental companies at the car rental desk to reduce your liability. Most car rental companies offer a daily rate of between £8 and £16 to reduce your excess liability to between £0 - £500. Excess Insurance: A policy to cover the excess charges you would be liable for in the event of fire, theft or damage to the rental vehicle, regardless of who was to blame.
To purchase a policy or for further information, please visit Insurance4carhire.com: |
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