Campervan Hire Excess Insurance
If you are thinking of cheap holiday ideas then why not hire a motor home or campervan and do a road trip? This cost effective holiday idea is great for all the family and can be done either in the UK or abroad.
Before picking up your motor home or campervan and hitting the open road, be sure to take out hire vehicle excess insurance to make sure your holiday stays cheap should you need to make a claim for damages to your vehicle.
Road to Mount Fuji, Japan
What is campervan hire excess insurance?
When you hire a motorhome or campervan within Europe, it is common practice for hire companies to include a basic level of vehicle insurance as part of the rental agreement. This is also known as a collision damage waiver (CLD) or loss damage waiver (LDW). Outside of Europe this basic cover is not usually part of the agreement and may have to be bought separately. Whether this cover is included in your contract or bought separately before making a claim, the vast majority of insurance companies will state that you are liable to pay an excess fee before any claims for damages are settled.
Depending on the insurance company, type of vehicle, age of driver etc. this fee can be well within the thousands of pounds. However do not fear, luckily you can purchase what is known as motor home and campervan hire excess insurance. This insurance policy will act as an add-on policy to your vehicle insurance agreement. Excess insurance will cover any excess fees you are required to make prior to a claim being settled in return for a small daily fee.
Please note: Before you hire your vehicle, make sure you fully understand the level of cover offered by the rental company as this may need to be bought separately.
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Why buying motorhome and campervan excess insurance online can often be a better solution?
Many rental companies may offer excess insurance as an add-on to your existing rental agreement. However you will find they tend to be much more expensive than third party alternatives and do not cover your entire fee, meaning you may still be liable to pay excess charges before you settle a claim.
How does excess insurance function?
Let’s assume that in the terms and conditions of your insurance policy, your insurance provider states there is an excess fee of £500 before any claims are settled. Now let us assume all of the windows of your hired vehicle are broken. You make a claim and the total cost of repairs amounts to 1,200 pounds. Before the claim is settled by the insurance company you will need to pay the excess fee.
You make a claim and the total cost of repairs amounts to 1,200 pounds. Before the claim is settled by the insurance company you will need to pay the excess fee. In theory, you have paid £500 towards the damages (the excess fee) and your insurance company has covered the remaining £700.
There are many factors that will determine how large your excess fee is including type of vehicle, the age of the driver, how many years experience the driver has and whether they have any past insurance claims.
To make sure you don’t get stuck with that £500 bill, a car hire excess insurance policy will cover that excess fee in return for a daily payment of around £5 a day for as long as you are renting the vehicle.
This small daily payment will ensure that if you do have an accident or are the victim of a crime, and need to make a claim, you won’t have to pay anything, giving you peace of mind on your travels.
The world offers so many opportunities for great driving holidays. Whether driving along the Great Ocean Road in Victoria, Australia or skirting along the Garden Route in South Africa there is no shortage of asphalt to pound.
Our policies offer coverage for accidental damage, fire, vandalism and theft as well as covering you for damage to the windows and tyres. However, before buying and travelling you should familiarise yourself with all the details and exclusions our worldwide policy offers by carefully reading our policy and key fact documents.
Car Hire Excess Around the World
Our UK and European insurance policy is perfect for family driving holidays or weekends away in the countryside in a hire car. If you are planning on making multiple trips to Europe this year or are planning on hiring a car for more than 17 days then our annual policy will work out cheaper for you.
If you are traveling to Australia, South Africa or somewhere else far flung then you’ll need our Worldwide excess insurance policy. If you are planning on hiring a car for three weeks or more then you should get our annual policy as it will work out cheaper than our 21 day daily policy.
Traveling to USA, Canada, Mexico or South America? Car hire insurance is slightly different in these places as it does not include Collision Damage Waiver (CDW) in the policy, commonly included in the UK and Europe. Our policy has you covered with CDW included in our USA & Canada policies.
All prices include IPT