Van hire excess insurance is a type of insurance that covers the excess amount (usually a large sum of money) that a renter may be liable to pay in the event of damage to or loss of a rental vehicle. This type of insurance is often offered by rental companies as an optional extra and can provide peace of mind for renters who are concerned about being held responsible for costly repairs or replacement of the vehicle.
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Companies that offer van hire excess insurance
There are several companies that offer van hire excess insurance. Some of the most well-known include:
- Allianz
- Axa
- Europcar
- Budget
- Enterprise
- Hertz
- National Car Rental
- Sixt
- Thrifty
It’s a good idea to shop around and compare the coverage and prices offered by different companies before making a decision. Some companies may offer additional perks or discounts for certain types of customers, such as frequent renters or AAA members.
Cost of van hire excess insurance
The cost of van hire excess insurance can vary depending on a number of factors, such as the type and size of the van, the length of the rental period, and the level of coverage you choose.
In general, the cost of van hire excess insurance can range from a few dollars per day to several hundred dollars for a longer rental period. Some providers offer daily rates while others offer rates based on the length of the rental period.
It’s also important to note that some rental companies include a basic level of excess insurance in the price of the rental, but this may not provide adequate coverage for some renters.
It’s best to check with specific companies for the cost of their excess insurance. It’s also a good idea to read the policy details before purchasing the insurance to ensure that you understand what is covered and what is not.
Benefits of companies that offer van hire excess insurance
There are several benefits of using a company that offers van hire excess insurance when renting a van. Some of the most significant benefits include:
- Protection against costly repairs: Van hire excess insurance can protect you from having to pay for expensive repairs or replacements if the van is damaged or stolen during the rental period.
- Peace of mind: Knowing that you have coverage in case of an accident or theft can give you peace of mind while you’re traveling, allowing you to enjoy your trip without worrying about unexpected expenses.
- Cost savings: In some cases, purchasing van hire excess insurance can be less expensive than paying for repairs or replacements out of pocket, especially if the damage is significant.
- Flexibility: Many companies that offer van hire excess insurance will give you the option to choose the level of coverage you want, so you can pick the option that best suits your needs and budget.
- Convenience: Some companies will offer the option of purchasing the insurance at the same time as you rent the van, making the process more convenient for you.
- Coverage for third party: Some policies can also cover third-party claims, which can be beneficial if you are found to be at fault in an accident and the other party makes a claim against you.
It’s always a good idea to read the terms and conditions of the van hire excess insurance policies before purchasing to ensure that you understand the coverage provided.
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