Press Release - New Car Hire Excess Insurance for EU Residents

October, 2015

[London] Status Global Insurance (SGI) are excited to announce the launch of a new Car Hire Excess Insurance. This new cover was arranged in partnership with Voyager Insurance, and is a wonderful complement to their already successful international and travel based product portfolio.

With their continued growth in the travel insurance market, they have naturally decided to develop and offer more complementary products. This is the second complementary product they have launched recently, a golf insurance product with worldwide cover as standard was brought out earlier in the year.

“Travel Insurance and hiring a car go hand-in-hand, so being able to offer car hire excess insurance to our travel insurance customers was a logical progression,” Says Paul O’Sullivan, Director at SGI, “We hope this new cover option helps save our customer’s time and money, whether they are travelling on holiday or for business.”

It is unfortunate that so many people are unaware of the potential costs they can incur if their rental car is damaged or stolen. Even when it’s not their fault, they will usually still be liable for the excess the hire car company has to pay out to their car insurance company, or pay a high daily waiver charge, which can be very expensive! This is where car hire excess insurance comes in, not only does it cover the excess charge, but a number of other cover benefits including: personal accident, key cover, mis-fuelling cover, car jacking cover, and more….

The car hire excess insurance has a single trip option, and also the option for annual multi-trip cover. For individuals who frequently rent a car, annual cover may be a more affordable option as a policy for cover in Europe including the home country costs less than £50 a year, before tax (quotation correct at 21st October 2015). The annual multi-trip cover car rental period options are either 31 or 60 days maximum duration per trip, unlimited trips in a policy year.

For more information please visit the car hire excess page on the SGI website:
http://statusglobalinsurance.com/insurance-products/car-hire-excess-insurance/

About Status Global Insurance
Status Global Insurance is a trading name of Status Insurance Management Ltd, which has been operating for 30 years and is a Lloyd’s European coverholder. Status Global Insurance offers a wide range of insurance products to both UK and EU residents, from travel and private medical insurance plans through to insuring homes or holiday villas in Spain, Portugal, Cyprus and Malta. Status Global Insurance prides itself on offering exceptional wholesale and retail insurance products and services to both local nationals and expatriates in the UK and EEA. For more information please visit the new Status Global Insurance website: www.statusglobalinsurance.com