Car hire companies in the UK, Short Term Car Insurance For Learners in South Africa like every other car owner in the United Kingdom are required by law to have insurance for the vehicle covering third party risk. This mean that the vehicle has to have insurance cover for the eventuality that the vehicle is involved in an incident in which third party property is damaged or a person is injured.
So when you rent a car from a car rental company in the UK this insurance cover will be in place without you having to pay for it directly as part of your rental cost. The car is likely to have comprehensive insurance included in the rental cost. This covers the cost of repair to the vehicle in the event that it has been damaged.
However, due to the insurance costs incurred by the car hire company, they normally try to offset their costs by having an insurance excess or deductible on their policy. The excess amount could be in the region of GBP 600.00 and could be more if the vehicle is a premium type car, Short Term Car Insurance Brokers like a sports car.
The car rental company make the person hiring the car responsible for the insurance excess amount.
This means that in the event that the car is damage, the renter would be responsible for the first GBP 600.00 of damage to the car, Short Term Car Insurance Business Use if the excess has been set as GBP 600.00. By doing this they reduce their insurance costs and also give the renter an incentive to try and avoid the vehicle being damaged.
The Benefits of Paying a Car Insurance Premiums in Full Vs In Installments
When a vehicle is returned damaged to a car rental location, the car rental staff will normally work off a chart of sorts to establish the approximate cost of repair. They will then apply this cost to the hirers credit card. In the event that the cost of repair is actually less than the amount charged to the credit card, there is some doubt that the car rental company actually contacts the hirer to refund the difference. The hirer should make a point of contacting the car rental company to establish what the exact of cost of damage was in case they are entitled to a refund.
Short Term Car Insurance For Learners in South Africa ?
If you already have car insurance for your car, you know you are covered in the case of an accident. But, what if you have a new driver in the family, such as a spouse or a teenager? You should add them to your policy, as well.
It is important to know the ins and outs of adding a driver to a car insurance policy so that you make the right decisions.
Decide Whether You Need To Add A Driver
The first decision you need to make is about whether to add the new driver to your policy. It breaks out like this: if the new driver is getting their own car, you will need to insure that car, either under your name or under the new driver's name. (If the new driver will be the primary driver for the car, you will probably want to insure the car under their name.)
3. Take this opportunity to shop your car insurance policy for a better deal: Any time you are adding a new person to your policy or if someone in your family is getting their own policy for their own car, it can be a smart time to shop for a better car insurance deal. Contact 4-5 competing insurance companies and give them your current coverage information. Ask them for a quotation. The whole process can take less than an hour and could save you hundreds in monthly insurance payments.
Follow these 3 tips to add a driver to your car insurance policy.
Car Insurance - What Happens If You Don't Have It?
Insurance comes in two types: short term and long term. In most cases, car insurance coverage you purchase for your needs would be on a long time basis. There are many cases where temporary car insurance would be more appropriate. Some of these scenarios are listed below:
- You purchased a new car. You want to drive it home but haven't finalized insurance yet. Whether you purchase a car out of state or at your local dealer, temporary auto insurance will help you get your new car home safe and sound.
- Your friend or family member drives your car. There are times when someone you know is going to visit you and need to borrow your car. If they are involved in an accident then you assume full liability. Best thing to do is purchase temporary auto insurance. Of course this goes both ways if you are borrowing someone else's car too.