New Collision Damage Waiver Policy now available
Hiring a specialist car typically involves underwriting a hefty excess, usually on a credit or debit card. For supercars this can run into thousands, for classic cars it's typical several hundred or low four figures. Whatever the figure, if you prang the car it could hurt. A lot.
At Great Escape Cars we've been grappling with this problem for several years. Our insurers apply hefty excesses, that traditionally can't be reduced, so we've always had to pass them on. The high excess applied to classic car hire doesn't take into account the fact that there are in fact few claims on classic hire cars.
In 2014 we decided to bite the bullet and significantly reduce our excesses across our fleet. But this felt like fiddling around the margins. The excess remained, and for many customers it was either off-putting (so they weren't able to hire the car of their dreams) or detracted from the hire experience.
In 2015 we've solved the problem and introduced a unique Collision Damage Waiver (CDW) policy. The policy removes the insurance excess completely so that in the event of an accident, whether it's your fault or someone else's, your money is not at risk. The policy costs just £25 per driver per hire and gives full cover provided the car is driven in accordance with the Highway Code and our Terms and Conditions.
"We are the only classic car hire company offering a CDW option," explains Graham Eason of Great Escape Cars. "High insurance excesses on classic hire cars have been the bane of our customers' lives and are detrimental to the experience. I wanted to find a solution.
"The policy is already proving very popular with customers and has not affected the way that our cars are driven or treated."
To find out more call 01527 893733 or click here .