Van Hire Excess Insurance
Compare Van Hire Excess Insurance With The UK Market
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Van Hire Excess Insurance
Compare Van Hire Excess Insurance
Excess insurance offered by van hire providers can be costly; therefore it may be worth seeing if you can find a better deal purchasing it in advance, check the table below to view a comparison of different van hire excess insurance providers and click the links to apply:
Van Hire Excess Insurance
When hiring a van most providers will include insurance for vehicle damage in their standard hire rate. However, this insurance can have a high excess charge you would have to pay for any damage caused to the vehicle, possibly even if it was not your fault.
Van hire providers may offer van hire excess insurance as an additional product when you go to collect the vehicle, however it may be cheaper if you purchase it yourself in advance from a range of specialist standalone providers. This also gives you the benefit of being able to shop around providers to try and find a price and a level of coverage that you are happy with.
It’s possible to purchase van hire for a set amount of days, or if you rent vehicles more frequently it may be possible to purchase an annual cover policy which will cover you for all van rentals over a 12 month period.
As with many types of insurance shopping around different policies is a good idea, in addition to price however you should consider the specific features of each policy, it may be better to spend slightly more to have a more comprehensive policy you feel more comfortable with.
Some things to check when looking for this type of insurance are:
- Age Limits: Insurers may impose a limit on the minimum and maximum age limit for drivers of the hire vehicle.
- Residency of policy holder: Providers may exclude non-UK or non-EEA drivers, others may include this coverage.
- Countries – Some providers may only provide Van hire access insurance when driving in the UK, others may be able to provide cover for numerous other countries, if you are intending to use a hire vehicle abroad you should check to see if an international cover policy excludes a country you may be driving in.
- Types of vehicle – Insurers may put a restriction on the maximum weight a van can be to still be provided with cover. Many van hire excess insurance providers will exclude other kinds of vehicle so you may need different policies for; cars, motorbikes or minibuses.
- Vehicle Age – Policies may put a limit on the maximum age a vehicle can be to still be offered cover.
- Vehicle Value – Providers may exclude cover for vans over a certain value.
- Misfueling – Some mishaps like putting the wrong type of fuel in a vehicle will not be included in some cover policies, however some providers do offer this in their policy.
- Key Replacement – Some providers also may not provide cover if you lose or break the keys.
- Damage to; tyres, windows and wing mirrors, roof and undercarriage.
Key Takeaways
- Van hire excess insurance provides financial protection, peace of mind, and cover for multiple drivers.
- When selecting van hire excess insurance, consider factors such as cost, cover limits, and exclusions to make an informed decision.
- Special cases such as minibus or European rentals should be reviewed before proceeding with a rental agreement.
Understanding Van Hire Excess Insurance
Van hire excess insurance begins by covering the deductible associated with a claim involving the van hire company.
Such insurance acts as a financial shield against potential costs and can be procured from the van rental company or an online provider.
When you rent a van, you sign a rental agreement, which includes an excess amount.
This excess is the amount you are required to pay towards the cost of repairs or a replacement vehicle, even if the incident was not your fault.
Collision Damage Waiver (CDW), also referred to as loss damage waiver (LDW), is typically standard in the UK and covers damage to the van itself.
Van hire excess insurance policies typically offer:
- Cover starting from around £10.99 a day
- A maximum of £6,500 cover for damage and theft
- Van hire excess cover to protect you from high excess charges.
Keep in mind that van hire excess insurance doesn’t cover all vehicle types.
It excludes camper vans, minibuses, and other specific van types, hence checking the hire vehicle type before purchasing the insurance is crucial.
These include:
- Campervans
- Vans weighing over 3.5 tonnes
- Vans worth more than £50,000
- Vans older than 10 years.
Benefits of Excess Insurance for Van Rentals
Having comprehended what van hire excess insurance entails, we can now explore its benefits.
Obtaining van hire insurance provides financial protection, peace of mind, and cover for multiple drivers, including third party liability and hire excess insurance.
Financial Protection
One of the key benefits of van hire excess insurance is financial protection.
This insurance can reduce the excess amount to a more cost-effective level or even eliminate it entirely. UK Car Hire Excess.
Insurance, for example, can protect you against expensive excess fees in case of damage or theft.
Van hire excess insurance, also known as excess insurance cover, helps circumvent the potential out-of-pocket high costs tied to van hire excess charges.
Instead, the insurance policy covers the excess amount, making it a valuable investment for those planning to rent a van and dealing with excess insurance work.
Peace of Mind
Another essential benefit of van hire excess insurance is the peace of mind it provides.
When you acquire peace of mind for van hire, you can enjoy your rental period without any concerns about unforeseen costs or liabilities.
Having comprehensive insurance cover or supplementary insurance options, such as van hire excess insurance, ensures that you are fully covered and protected in case of any accidents, damages, or theft that may occur during the rental period.
Cover for Multiple Drivers
Many van hire excess insurance policies also offer cover for multiple drivers, including van rental insurance.
Up to seven additional drivers can be included on a policy as long as they are listed on the rental agreement.
This can be especially beneficial for group trips or situations where more than one person will be driving the rental van.
Covering multiple drivers under a single excess insurance policy could save time and money by eliminating the need for individual policies for each driver.
Factors to Consider When Choosing Excess Insurance
Recognising the benefits of van hire excess insurance, it’s time to consider the factors influencing policy selection.
These factors include cost, cover limits, and exclusions.
Cost
When evaluating van hire excess insurance options, cost is a key factor to consider.
Policies can vary in price depending on the provider and the level of cover offered. Generally, the excess limit required by van rental companies ranges between £500 and £1500.
It is advisable to compare quotes from various insurance providers to secure the most competitive price.
You can use our comparison table at the top of this page to compare quotes across the market.
Remember, the least expensive policy might not always offer the greatest value.
Balancing the policy’s cost and its cover is important to ensure it meets your specific needs.
Cover Limits
Cover limits refer to the maximum amount of excess reimbursement provided by various policies.
Insurance offers up to £6,500 for single trip cover for a duration of 60 days or annual multi-trip cover for a duration of 60 days.
Understanding the cover limits of your van hire excess insurance policy is essential to ensure that you have adequate protection in case of an incident.
Make sure to review the terms and conditions of the policy, including the maximum amount the insurance will pay in the event of a claim.
Exclusions
Exclusions are another crucial aspect to consider when choosing a van hire excess insurance policy.
These refer to situations or damages that are not included in the cover of an excess insurance policy. Typical exclusions of van hire excess insurance usually include:
- Damage to tyres
- Damage to windscreen
- Damage to roof
- Damage to the underside of the vehicle
It’s essential to read your policy thoroughly to understand any exclusions and ensure that you have adequate cover for your specific rental situation.
How to Purchase Van Hire Excess Insurance
Armed with insights on what to consider in a van hire excess insurance policy, it’s time to discuss the purchase process.
To purchase a policy, you can either contact the provider directly or visit their website.
Upon completion of the purchase, you will receive a welcome email containing your insurance documents and details about the cover provided.
Tips for Renting a Van with Excess Insurance
For a seamless rental experience with van hire excess insurance, take note of these helpful suggestions.
- Check for hidden costs: Review the rental agreement for any additional fees or charges that may not be included in the advertised price.
- Read reviews: Conduct research on the van rental company to ensure that they are reliable and have positive customer feedback.
- Document the vehicle’s condition: Before renting the van, take photos of it and make a note of any existing damage.
- Ask questions: If you have any queries or concerns, contact the van rental company prior to signing the contract.
Special Cases: Minibus and European Rentals
In certain instances, you might rent a minibus or a van for use outside the UK.
Let’s delve into excess insurance considerations for such unique rental scenarios.
When renting a rental vehicle abroad, you should always check the terms and conditions of the car rental agreement, as well as any van rental agreement if applicable.
Minibus Excess Insurance
When renting a minibus with more than 9 seats, minibus excess insurance may be required.
This type of insurance functions similarly to van hire excess insurance, providing cover for the excess amount you may be liable for in the event of damage or theft of the rented minibus.
Minibus excess insurance can be acquired from a selection of sources, including online and through your rental company.
As with van hire excess insurance, it’s essential to thoroughly read the policy to ensure you are aware of the cover limits, exclusions, and associated costs.
European Rentals
When renting a van for use in Europe, it’s important to be aware of cover limitations and requirements.
Some excess insurance policies only provide cover for rentals in the UK, while others may extend cover for up to 14 consecutive days abroad.
Requirements for rentals in Europe may vary according to the policy in place, but typically one must be at least 25 years of age and possess a valid driver’s license.
Furthermore, you must notify the rental branch of your intention to take the vehicle off the UK mainland and obtain authorisation.
Making a Claim: Steps and Tips
Should the unfortunate event of an incident demanding a claim for van hire excess insurance occur, there are several procedures to adhere to.
First, it’s important to read your insurance policy documents thoroughly to understand the specific claims procedure.
You should promptly provide payment for the excess charges to the van hire company at the time of the incident.
To submit a claim for reimbursement, contact your insurance provider.
If further communication with the insurance provider is necessary, contact them directly.
Ensure that you have all necessary documentation and information ready, such as photos of the damage, rental agreement, and receipts for any expenses incurred.
Frequently Asked Questions
Should I get excess protection on a hire van?
No, you don’t need to get excess protection on a hire van. However, it could be useful to have it if you ever need to make a claim on your insurance, as it can reimburse you up to a certain amount.
Are hire vans insured?
Van hire companies generally provide standard insurance which includes Third Party Liability, theft, and damage cover.
It is important to note that there will likely be a high excess limit on the policy.
What is excess on van hire?
Excess insurance on van hire is an additional cover to reimburse you for damages caused to the rental vehicle.
What happens if I damage a hire van?
If you damage a hire van, you are responsible for the damage up to an excess limit, which depends on factors such as the van type, the hirer’s age, and driving experience.
The excess limit can vary significantly, so it is important to check the terms and conditions of the hire agreement before signing.
This will ensure that you are aware of the potential costs you may incur if you damage the van.
How much does van hire excess insurance cost?
Van hire excess insurance typically starts from around £10.99 per day, making it an affordable way to protect yourself and your vehicle.
It can be a great way to save money on your car hire, as it can cover the cost of any damage or theft that may occur during your rental period.
It’s important to remember that excess insurance is expensive.