Supercar Hire Excess Insurance
Discussion
I'd like to hire a Supercar for my son's Prom & would like to buy some Excess Insurance to protect the deposit that you have to pay as a refundable Excess. They keep this if you damage something during the period of hire.
Unfortunately I can only find this insurance to cover a car with a value of £120k but the car I'm hiring is a Lamborghini Huracan which is around £195k!
Is there a specific insurance company I can go to for this?
I'm obviously happy to pay more as it's only required for a one day hire but I simply can't find anywhere that covers a car of this value, which I find strange.
I am desperate for help with this and need an answer FAST!!!!!
Please can someone help??
Unfortunately I can only find this insurance to cover a car with a value of £120k but the car I'm hiring is a Lamborghini Huracan which is around £195k!
Is there a specific insurance company I can go to for this?
I'm obviously happy to pay more as it's only required for a one day hire but I simply can't find anywhere that covers a car of this value, which I find strange.
I am desperate for help with this and need an answer FAST!!!!!
Please can someone help??
OP is looking for insurance to cover the Excess applied by the Hire Company, not the primary insurance itself. In this case it is unlikely to be an issue for the Hire Company. In the event of an incident the matter would be dealt with through the Hire Company’s Insurers and OP would pay the Excess and then claim this back through his Insurers providing the Excess cover.
Anyway, just take it easy and you’ll be fine.
Anyway, just take it easy and you’ll be fine.
catpur said:
I'd like to hire a Supercar for my son's Prom & would like to buy some Excess Insurance to protect the deposit that you have to pay as a refundable Excess. They keep this if you damage something during the period of hire.
Unfortunately I can only find this insurance to cover a car with a value of £120k but the car I'm hiring is a Lamborghini Huracan which is around £195k!
Is there a specific insurance company I can go to for this?
I'm obviously happy to pay more as it's only required for a one day hire but I simply can't find anywhere that covers a car of this value, which I find strange.
I am desperate for help with this and need an answer FAST!!!!!
Please can someone help??
Who are you using?Unfortunately I can only find this insurance to cover a car with a value of £120k but the car I'm hiring is a Lamborghini Huracan which is around £195k!
Is there a specific insurance company I can go to for this?
I'm obviously happy to pay more as it's only required for a one day hire but I simply can't find anywhere that covers a car of this value, which I find strange.
I am desperate for help with this and need an answer FAST!!!!!
Please can someone help??
Are you under the impression that if you scratch a door, they keep your full excess?
You're only going to lose it all if the repairs exceed the excess or if they need to use their insurance.
If someone crashes into you and you can prove it's not your fault, again you won't lose your excess.
W111AAM said:
Thanks for this suggestion but I already checked out these comparisons which is where I discovered the maximum car value appeared to be £120k. Mostly the maximum value was around 50-60k but on a few it was 120k. I couldn't find any covering a car of value above 120k, hence my question - I need to find insurance to cover the £3000 excess of a car with a value around 195k. Help!!!!One of you lovely people must know the answer!
W111AAM said:
Thanks for this suggestion but I already checked out these comparisons which is where I discovered the maximum car value appeared to be £120k. Mostly the maximum value was around 50-60k but on a few it was 120k. I couldn't find any covering a car of value above 120k, hence my question - I need to find insurance to cover the £3000 excess of a car with a value around 195k. Help!!!!One of you lovely people must know the answer!
TonyF said:
This is probably what you don’t want to hear but my thinking is that the company hiring the car to you would not entertain you supplying your own insurance through a third party just in case the worse did happen and complications arising from it.
No, you misunderstand. I'm not looking for my own insurance. The car hire company supply that. I'm looking for insurance to cover the £3000 Excess applied by the Hire Company, not the main insurance. (You pay the 3000 as a deposit). So, in the event something happened I wouldn't lose the £3000.Many companies supply the Excess cover but only up to a car value of 120k which isn't nearly enough. Hence my issue!
desolate said:
I am pretty sure the answer is no.
If you are personally insured with a high end policy you may get cover that way.
3k not the end of the world of that is the limit of your potential loss.
3k may not be "the end of the world" but equally it isn't a figure I'd be happy to lose, hence my need to cover it with insurance, just in case. If I was happy to lose that amount I wouldn't be going to so much trouble!If you are personally insured with a high end policy you may get cover that way.
3k not the end of the world of that is the limit of your potential loss.
Thanks for your thoughts anyway.
catpur said:
3k may not be "the end of the world" but equally it isn't a figure I'd be happy to lose, hence my need to cover it with insurance, just in case. If I was happy to lose that amount I wouldn't be going to so much trouble!
Thanks for your thoughts anyway.
I would have thought the excess would have been higher was what I was trying to say. Thanks for your thoughts anyway.
I sell car hire and excess protection insurance and I am not aware of anyone who will do it at this level
The fact that the firm hiring the car don't know anyone says alot.
Who does their insurance?
If you find someone I'd be interested to know.
davek_964 said:
If you're only insuring the excess, why is the value of the car relevant? A £3k excess is still a £3k excess regardless of whether it's a £5k car or a £5,000,000 car surely?
It's just the rules the underwriters who do these products have.Mainly to avoid doing the seriously top end stuff where farting in the wrong direction cause 3ks worth of damage.
davek_964 said:
If you're only insuring the excess, why is the value of the car relevant? A £3k excess is still a £3k excess regardless of whether it's a £5k car or a £5,000,000 car surely?
I have no idea, but if you look at the insurance sites and put in the details, the small print has the conditions included. One of these conditions is the value of the car. This particular condition is on all policies which I saw listed.desolate said:
I would have thought the excess would have been higher was what I was trying to say.
I sell car hire and excess protection insurance and I am not aware of anyone who will do it at this level
The fact that the firm hiring the car don't know anyone says alot.
Who does their insurance?
If you find someone I'd be interested to know.
I didn't say the car hire firm didn't know anyone to do this excess insurance?! I sell car hire and excess protection insurance and I am not aware of anyone who will do it at this level
The fact that the firm hiring the car don't know anyone says alot.
Who does their insurance?
If you find someone I'd be interested to know.
They have particular conditions for their own excess insurance & due to a particular reason I don't fall into the category required for their conditions. So i said I'd try to get my own protection. That's all.
catpur said:
I didn't say the car hire firm didn't know anyone to do this excess insurance?!
They have particular conditions for their own excess insurance & due to a particular reason I don't fall into the category required for their conditions. So i said I'd try to get my own protection. That's all.
Ok, I shouldn't have presumed.They have particular conditions for their own excess insurance & due to a particular reason I don't fall into the category required for their conditions. So i said I'd try to get my own protection. That's all.
I am involved in these lines of insurance and I don't know anyone who will do it.
I can already tell you're not the sort of person who will listen but I don't know of a single company who have 3k excesses on a car of that value.
I would be very careful with it all.
The minimum should be 5k (dictated by the underwriters) for a car like that.
We have a 3k excess on cars worth a third of that and so do all the decent companies we work with.
I would be very careful with it all.
The minimum should be 5k (dictated by the underwriters) for a car like that.
We have a 3k excess on cars worth a third of that and so do all the decent companies we work with.
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