What is ‘Rental Vehicle Excess Benefit’?

When you hire a rental vehicle, the rental company will usually include insurance for damage or theft of the vehicle. If something happens, you are normally required to pay an insurance excess to the rental company before their insurance covers the rest. This amount can be quite high, depending on the vehicle and rental agreement. 

The Rental Vehicle Excess benefit in a Fast Cover policy can reimburse you for that excess amount if your rented car, campervan, motorhome, or similar eligible vehicle is damaged or stolen while in your care. 

You only have this cover if you purchased a Comprehensive, Standard Saver, Snow Sports Plus, or Frequent Traveller Saver policy, and paid the additional cost for this benefit. It is already included in the Domestic Plus policy. 

Every claim is reviewed individually on a case-by-case basis and will only be paid if it meets the terms, conditions, limits, and exclusions in your policy. Always check the PDS carefully so you know exactly what’s included before you travel.