If you rent a vehicle from a rental company you as the renter is liable for the excess payment should any unforeseen event occur that might cause loss or damage to the rental vehicle.
This amount that you are liable for is commonly referred to in the rental industry as a waiver charge, a liability amount or an excess amount.
For a once off premium CarSure will take the excess payment of your hands should any unforeseen loss or damage occur to the rental vehicle? CarSure will also cover your accident administration fee to the maximum amount of R500 for the duration of the policy.
The excess buy down product can be purchased at the time of inception of your rental agreement to ensure that you are covered from the time that you are in possession of your rental vehicle.
The policy will terminate on the last day of cover that you selected, should you continue to use the vehicle after the end or termination date please make contact with us to extend your cover period. The maximum period for cover on a policy is 30 days.