What does the excess mean in a car hire agreement?

An excess (or deductible to use the terminology from the US) is the amount you are liable for if the car is stolen or damaged whilst hired to you.

So, if the theft excess is £1300 and the car is stolen, you would have to pay them £1300 unless you had protected the excess with a suitable insurance or waiver product from the car hire company. If you had an excess reimbursement product such as the policy available when you book through Clarify you would seek reimbursement of the £1300 from the insurer or product supplier.

The excess is different to the security deposit. The security deposit will be preauthorised or charged (depending on the hire firm you rent with), however the excess will only be charged should there be any damage or theft.

excess faq

Excesses

What does the Excess mean?

When a rental car comes with an excess what does this mean?

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