The ‘excess’ (sometimes called the ‘deductible’) is the amount of money you will have to pay the rental company if your hire car gets damaged or stolen whilst in your care.
Does car hire excess cover UK?
Get cover for unexpected bills when you hire a car, motorhome, or campervan in the UK or abroad. Car hire excess insurance covers you for the excess fee that car hire companies can charge you if the hire car is damaged or stolen. This charge can run to thousands of pounds.
Can you get insurance to cover excess?
Excess insurance runs alongside your car insurance policy. It will cover the cost of the excess you pay if you make a claim against your car insurance. The amount covered is usually a pre-agreed limit and applies to both voluntary and compulsory excess.
Is CDW the same as excess insurance?
Collision Damage Waiver (CDW) – is not insurance, but an agreement to waive the costs of damage to your rental vehicle if it is involved in a collision. Frequently CDW has an ‘excess’ which is the first part of any claim which the renter will remain liable for.
What is car hire excess? – Related Questions
Should I buy the extra insurance on a rental car?
If you don’t already own a car with insurance, rental companies automatically cover the bare minimum in your state. However, if you want more protection, or if you’re traveling abroad or for business purposes, you might need to get rental car insurance.
Whats the difference between CDW and LDW?
Collision Damage Waiver (CDW) provides cover if there is damage to a rental car through an accident. LDW on the other hand, is a combination of CDW and Theft Protection, which means that you will be covered for car replacement if your rental car is stolen during the period of your rental.
What is collision damage waiver without excess?
29 Jan 2020. A Collision Damage Waiver (CDW) is additional protection that reduces your liability for damage if your hire car is stolen or damaged. You usually agree to an excess fee, meaning you’ll cover the cost of any repairs up to this amount.
What does CDW mean in insurance?
Collision Damage Waiver (CDW) — an agreement with an auto rental company in which the renter is released from liability for collision damage to the vehicle in exchange for a fee, subject to the terms of the rental agreement or a state statute if one exists.
How does CDW insurance work?
Understanding Collision Damage Waivers
The CDW provides a level of protection for the renter that covers damage to the rental car. If the car is damaged then the renter is not responsible for some or all repairs, as well as for any loss of use fees that may accrue while the rental car is being repaired.
Does CDW need insurance?
Having CDW insurance is a necessity when renting a car, however, if you do decide on other options, check with your bank and current insurers about exactly how much coverage you’ll be offered and be sure to ask about the pitfalls. If you have questions, we also recommend speaking with your car rental company.
Does car hire excess insurance cover CDW?
What is Collision Damage Waiver? Collision Damage Waiver (CDW) is included as standard in the Worldwide Car Hire Excess Insurance policy, whether it’s an Annual or Daily policy.
Is CDW covered by credit card?
Credit cards with car rental protection typically offer a collision damage waiver (CDW), also known as a loss damage waiver (LDW). A CDW essentially releases you from financial responsibility for rental car damage or theft.
What is excess protection cover?
What is excess protection? Excess protection is an additional cover option for your main car insurance. Typically, it allows you to claim back your full policy excess on one insurance claim during the year-long life of the policy.
What does zero excess mean when renting a car?
Some of these policies will cover more parts of the car than standard Collision Damage Waiver. Some reduce your excess. Some take the excess all the way down to zero, so you won’t pay anything at all if you damage something that’s covered. These are called ‘zero excess’ policies.
Can excess be waived?
In some situations your insurer may waive any excess that applies, and under some policies there may be no excess at all. For instance, if you are involved in a car accident your insurer may waive the excess if you were not at fault and you can provide the name and address of the person who was.
What does policy excess mean?
A policy excess is an amount you have to pay towards making a claim. The amount of the excess should be agreed when you take out your policy – it must be clear in the policy documents. Travel insurance policies usually charge separate excesses for each: individual claiming under the policy.
Is voluntary excess worth it?
Why would I choose to have a voluntary excess? The amount of voluntary excess you have can significantly impact the cost of your car insurance premium. By choosing a higher voluntary excess, you will reduce your premium; but you will also have to pay more if you do make a claim.
Is it better to have high or low excess?
Generally, a higher excess is considered higher risk. But it might save you money right now. If you’re an infrequent driver and mostly have your car safely stored then the level of risk may be low and the savings could be great.
Do I have to pay the excess if it is my fault?
You only pay the excess for your losses and when you’re at fault. For example, if you’re responsible for an accident and damage your car.
Can I pay my excess in installments?
Most of the time, when you make a claim, your insurer will take the excess away from your payout. That means you usually can’t pay for your excess in instalments.