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With excess liability levels rising by over a third for some of those renting popular economy or compact sized cars in Spain, Moneymaxim.co.uk, the UK’s leading experts on car hire insurance , believe that car renters now view car hire excess insurance as a ‘must-have’ product when hiring a car.
Car hire companies typically hold car renters liable for any damage to the car, or in the event of its theft, up to the amount of the excess. With the school holidays just around the corner those looking to hire a car in Spain this summer could be facing the prospect of a big jump in the excess they are liable for when hiring a car.
Mark Bower, Managing Director of www.moneymaxim.co.uk says
"Car hirers now increasingly view car hire excess insurance as a necessary ‘must-have’ product. We are seeing more and more customers using our unique comparison engine and a clear message from those we talk to is that the current levels of excesses in most rental agreements mean they view car hire excess insurance as an essential part of their car rental package. After all, very few people these days can easily foot the potential bill of around GBP1,000 if their rental car is badly damaged or stolen."
Continues Bower;
"Our rates are a fraction of the cost of buying policies through either the car hire websites or worse still at the rental desk. What is more the policies we offer frequently include additional benefits such as lost key insurance or misfuelling cover, which are great added bonuses."
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
