Trap with US hire cars when it comes to policy excesses
As I posted yesterday, I have been over in the United States over the past month and during that period I had to hire a car twice. The first time they asked if I wanted to buy down the deductible and I said no, I have travel insurance for this.
As part of our corporate travel cover we have A$5,000 which is more than enough for any rental agreements I have seen in Australia.
The second time, I needed the car longer but just to be sure I mentioned I had $5,000 cover and I was then told the self retention was US$17,500. My first thought was how could it be so high, the second was thank goodness I did not have an accident with the first vehicle.
Morale of the story is double check the self retention of any hire car, in any country and pay the extra for the buy down if you do not have sufficient coverage under your own travel insurance.
Also, like an insurance policy, a hire car contract is a legal document and you should read it before you sign it so you are not caught!
I thank my lucky stars I wasn’t.