CDW Insurance

sizeate

I have bought CDW Insurance before for hiring cars abroad, but does it also work for a courtesy car after an accident in the UK?

Buying CDW Insurance from the hire company is very expensive, so don't usually buy it, but if it works (using companies that Martin suggests for hiring abroad or companies like that,) it would definitely be worth it in case of an accident in courtesy car.

Does anybody know?

Thank in advance?

EdGasket

What do you mean by 'Does it work' ??

Usually the courtesy car is covered by insurance provided by whoever is loaning it to you or else you are responsible for insuring it in which case what is covered depends on your own insurance. (assuming comprehensive cover then there would be an excess to pay in the event of a claim and you would potentially lose NCB if the cover were an extension of an existing policy).

OnanTheBarbarian

Credit hire vehicles usually come with a pretty fruity excess and the hire co then like to make a daily charge of £7.50 for CDW, which gets billed to the other side anyway.

The problem with the stand alone CDW products is you usually have to pay the excess yourself and then claim it back.

InsideInsurance

sizeate wrote: »

I have bought CDW Insurance before for hiring cars abroad, but does it also work for a courtesy car after an accident in the UK?

What do you mean courtesy car?

A car owned by the garage and lent to you?
A hire car your insurers are paying for and providing to you?
A credit hire car being given to you as you were not at fault?

sizeate

Sorry, I didnt explain that very well. I shall try again.

After an accident I was given a courtesy car via my Insurers. The courtesy car company have their own insurance with a £500 excess or the option to purchase 2 different levels of CDW Insurance, which are approx £50 or £100.

What I was thinking is, rather than purchase the CDW Insurance through the courtesy car hirer, it would be a lot cheaper to buy it from a company such as moneymaxim. Then if in the case of an accident in the hire car, pay the £500 excess and claimit back off of moneymaxim (or whoever i use).

I just wasnt sure that companies like that are for use in this instance. I have only ever used them for CDW to cover car hire abroad (that have ridiculous excess charges.)
Hope this now makes sense to someone?

Thanks

rs65

sizeate wrote: »

I just wasnt sure that companies like that are for use in this instance.

Best just to ask them the specific question. I remember looking at one that only applied to cars hired more than 100 miles from home address.

glentoran99

sizeate wrote: »

Sorry, I didnt explain that very well. I shall try again.

After an accident I was given a courtesy car via my Insurers. The courtesy car company have their own insurance with a £500 excess or the option to purchase 2 different levels of CDW Insurance, which are approx £50 or £100.

What I was thinking is, rather than purchase the CDW Insurance through the courtesy car hirer, it would be a lot cheaper to buy it from a company such as moneymaxim. Then if in the case of an accident in the hire car, pay the £500 excess and claimit back off of moneymaxim (or whoever i use).

I just wasnt sure that companies like that are for use in this instance. I have only ever used them for CDW to cover car hire abroad (that have ridiculous excess charges.)
Hope this now makes sense to someone?

Thanks

Your own insurance will cover you!! you don't need to be concerned about the hire companys insurance surely

sizeate

no my own insurance doesnt cover, the hire company have their own insurance with a £500 excess.

InsideInsurance

sizeate wrote: »

Sorry, I didnt explain that very well. I shall try again.

Unfortunately you still havent.

It sounds like it is a credit hire car you are in and your insurers have simply referred you to the hire company in exchange for a introducers fee (or equiv). If that is the case then yes it will be whatever their excess is but as has been pointed out buying CDW would be a loss you could recover from the other party.

If it is under the terms of your own policy, normally an add on, then its a hire car and all the ones I've known the excess follows that of your policy.