Travel Insurance With No Excess. 'Excess', when we're talking about any sort of insurance policy, means the amount of money you have to contribute before your insurer will pay towards your claim. For example, if you have a £100 excess and claim £500 for your lost baggage, your insurer will reimburse you £400.
Hereof, what does it mean no excess insurance?
When renting a car you will often see references in the terms and conditions to the 'excess' amount on the vehicle. Similar to insuring your own car this insurance excess refers to the amount that you must pay in the result of a claim. This, in effect, is the car hire company paying a 'no excess' policy on your behalf.
What does zero excess mean when renting a car?
Most collision damage waivers (CDW) come with an excess, meaning you have to pay the first £xxxx of any damage done to the hire car. You would also face charges for losing the car keys or putting the wrong fuel in it.
What is a damage excess?
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.