Last Updated: 9th March, 2018 | By Chris Williams
Your car rental agreement will include Insurance cover Collision Damage Waiver (CDW). However in some countries there may be an excess on it. When a rental car is damaged or stolen, the driver will be asked to pay the first portion of the repair or replacement costs up to the amount of the excess. Please see your rental contract to see how much excess is on your car. It may be zero or it maybe be €1000 or more.
When you purchase excess insurance this will cover the excess, so you will not be at a loss. It covers you if the car is damaged or stolen, and also for damage to the roof and undercarriage of the car, and windows and tyres
Purchase the excess insurance before you pick up the car. Bring the documentation with you to the car rental desk. Politely decline the car rental company's excess coverjust ensure the CDW cover collision damage waiver cover is included in your rental. Remember you are insured, providing the date is valid, so you do not need their more expensive excess cover.
If the car is damaged or stolen, the car rental company will charge your credit card for the Excess amount and you then claim for reimbursement on your Policy.
If you purchase the annual multi trip excess insurance, it will provide excess insurance on all car hire for a 12 moth period. This is extremely good value at €50 as normally car hire companies charge €24 per day
You will have better cover on an unlimited number of rentals per year.
Covers damage to the windows, undercarriage, roof, tyres and headlights not otherwise covered by damage waivers from car hire companiesHowever you will need to have sufficient funds available on the credit card to cover the excess amount, as the car hire company will block this amount.
Please note, policies purchased after the collection of your rental vehicle will not be valid.