Excess waiver is undoubtedly the bugbear of car rental. Yet it can save you a lot once the customer understands how it works. A closer look at excess waiver by MultiAuto, the car rental expert in Réunion.
What is excess waiver?
When hiring a car, customers face the excess. The excess is simply the amount of damage to the car or of a theft that is payable by the customer. The excess amount is set from the outset in the rental contract.
Depending on the rental company, the car hired and theinsurance taken out for your rental car, the amount varies from a few hundred euros to several thousand.
Customers looking for car rental can use the excess as a point of comparison. For example, your rental contract states that the excess is set at €2,000.
The rental car is damaged and you are at fault. You owe the rental company the repair costs up to the amount of the excess, meaning €2,000 out of your own pocket. To protect yourself from this kind of expense ruining your holiday, it’s in your interest to choose excess waiver.
Buying back the excess: a real advantage?
When booking your car hire, the customer can choose to buy back the excess. This is called excess waiver. It’s an extra charge, generally around ten euros, added per day, allowing the hirer to buy back the excess.
Depending on what is written in the contract, excess waiver covers the hirer against risks such as accidents and theft. Again depending on the contract, the hirer can buy back the excess partially or fully.
A partial waiver reduces the share of the excess to be paid if an accident or theft occurs. A full waiver covers all costs relating to the incident or theft. Before booking your rental car, it is strongly recommended that you check the excess waiver conditions with the rental company.
That way you can see what is most advantageous for you.
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