Corporate rentals with Simba Car Hire typically include basic insurance coverage to protect against accidents, damage, and third-party liability. However, the specifics may vary depending on your corporate rental agreement. Here are the most common types of insurance coverage that are usually included:
1. Third-Party Liability Insurance:
What It Covers: This is typically included as part of the standard rental agreement and covers damage to other vehicles, property, or people (third parties) caused by the rented vehicle during an accident.
Benefit: Protects your company from claims made by third parties in case of an accident. It covers legal expenses and damages to third-party property or injuries, but does not cover damage to the rented vehicle itself.
2. Basic Collision Damage Waiver (CDW):
What It Covers: A CDW is usually included to cover damages to the rental vehicle in the event of an accident. While it limits the financial responsibility of the renter, there is often an excess (deductible) that the company would need to pay before the coverage kicks in.
Benefit: Reduces the cost of repairs or replacement if the rental vehicle is damaged, ensuring the company is not responsible for the full cost of the vehicle.
3. Theft Protection:
What It Covers: Theft protection typically covers the rental vehicle if it is stolen or damaged due to an attempted theft.
Benefit: Limits the company's liability in the event the vehicle is stolen, usually requiring payment only of the excess amount outlined in the rental agreement.
4. Personal Accident Insurance (Optional):
What It Covers: This insurance may be included or offered as an optional add-on, covering medical expenses for the driver and passengers in the event of an accident.
Benefit: Provides financial protection for medical costs, hospitalization, or injury compensation for employees using the rental vehicle.
What to Expect in Your Agreement:
Excess/Deductible: Even with insurance coverage, there is usually an excess or deductible amount that the company is responsible for in the event of a claim. This means the company will need to pay the first portion of any claim before the insurance coverage takes effect.
Exclusions: Standard insurance may not cover damages caused by driver negligence, misuse of the vehicle, or unauthorized drivers. It is important to review the rental terms for specific exclusions.
For more details on what is included in your corporate rental insurance with Simba, it’s recommended to refer to your corporate rental agreement or contact Simba’s customer service for clarification.
