What is Van Hire Excess Insurance
What is an excess?
The ‘Excess’ is the amount you have to pay to the rental company when your hire car is damaged or stolen, this can also be known as the ‘Deductible’.
What is Van Hire Excess Insurance?
Van Hire excess insurance is an optional insurance coverage. This will protect a proportion of the excess you may be liable for in the event your hire van is stolen or damaged. Essentially, excess insurance is an additional insurance policy which will cover you against some excess charges.
This can also be referred to as Super CDW cover or an Excess Waiver.
What is CDW (Collision Damage Waiver)?
Collision damage waiver is the main insurance to cover you for the full value of the hire vehicle. This generally leaves you liable for an excess fee. You would need to contact your rental company to check the liability in the event of damage or theft.
What is covered under this policy?
This policy will cover you for your excess liability up to £2,500 including loss or damage to tyres, windscreen and the underbody of the vehicle. You will also receive additional benefits such as towing, key cover and misfuelling. The first £200 of damage is not covered by this policy.
How does this insurance work?
So, for example, you hire a van and the vehicle comes with its standard insurance, known as CDW (collision damage waiver). In most cases, when the hire van is stolen or damaged you’ll be liable to pay an excess amount before the rental company covers the rest of the cost. This means if you don’t have any excess insurance in place, you could be liable to pay hundreds, maybe even thousands, if your hire van is stolen or incurs any damage.
Questor Insurance will cover you up to £2,500 for any physical loss or damage to the hired van. The first £200 of damage cannot be claimed back under this policy, however, if, for example, you have to pay a £1000 excess fee for damage, you could still submit a claim for reimbursement through us, for the remaining £800.
Taking out a Van Hire Excess Insurance policy with Questor Insurance will give you peace of mind knowing you have increased protection against the excess charges you might be liable for with the rental company. Our policy also has extra benefits such as cover for lost keys, misfuelling, loss or damage to Auto Glass, Roof, Tyres, Wheel Rims, the Under Body, Towing and Loss of Use.
Buying from Questor Insurance
Questor Insurance Van Hire Excess Insurance policy starts from just £6.33 per day. Our policy can save you up to 80% compared to taking an insurance policy directly with the van rental company.
- Up to 15 seats
- Single hire agreement for up to 14 days
- Covering drivers aged between 21 and 84
- Covering vehicles up to 7.5 metric tonnes for use in the UK