WHAT IS RENTAL CAR INSURANCE?

WHAT IS RENTAL CAR INSURANCE ?

Rental cars come with basic insurance included, and car rental companies offer you to extend that insurance to “total peace of mind” for a very high price.

Car Rental Insurance covers you for any damage you may cause to the vehicle, and, unlike car rental companies, we also cover loss of key punctures. Among many other covers!

WHAT DOES CDW INSURANCE MEAN?

CDW is the abbreviation of “Collision Damage Waiver” and is the English translation of comprehensive insurance, also known as Partial Collision Coverage. It is a collision damage exemption insurance, and in the case of rental car insurance, they usually have an associated excess.

With CDW insurance, in the event of an accident, the lessee of the vehicle is responsible for the excess, and the car rental company is responsible for the rest of the costs of repairing the vehicle.

WHAT IS THE EXCESS IN A CAR RENTAL INSURANCE?

The excess is the maximum amount that the renter of the vehicle assumes in an accident with the rented car. In other words, when renting the vehicle, they offer you all-risk insurance with excess, which has a fixed maximum amount that the driver of the rented vehicle will pay for in the event of an accident.

The amount of the excess in rental car insurance may vary depending on the rented vehicle, the age, or the drivers’ experience signing the rental contract. But this amount must always appear in the vehicle rental contract.

HOW DOES THE INSURANCE FRANCHISE WORK?

If the rental car contract has an excess of 200 euros and the lessee has an accident, the repair of the vehicle amounts to 500 euros. The payment of this claim will be divided as follows: the driver of the rental car will have to pay the first 200 euros, and the insurer will take care of the remaining 300 euros.

YOUR RENTAL CAR INSURANCE AT ALL RISKS

Are you tired of paying more for the insurance excess than for the rental car? You can also save on the insurance covering the lot for rental cars for days or hours.

With Rental Car Insurance, you will be fully protected in the event of an accident with your rental car or carsharing, either for days or for a year.

The insurance that rental cars have only covers liability against third parties. They have a very high franchise associated with it, so to be fully protected, you have to expand the coverage at a very high cost.

Extending the coverage of your rental car insurance with the car rental company itself, from basic coverage to all-risk range, represents a significant increase in price, in addition to limited coverage. For this reason, Rental Car Insurance offers you more excellent coverage, including protection against loss of keys, punctures, luggage theft, and many more, for a lower price than car rental companies.

With Rental Car Insurance, in addition to ensuring a rental car, you will also be fully protected if you use carsharing or car rental by the minute (ShareNow, Emov, Ubeeqo, Respiro, or Zity, among others) in Spain or abroad. As with daily rental companies, carsharing companies offer car rental insurance for around €500. Segurocochedealquiler.com also covers this franchise and many more coverages.

Rental Car Insurance provides you with significant savings compared to rental agencies or rent-a-cars by eliminating intermediaries, which is why we can say that we are up to 80% cheaper.

By aamritri

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