Car Rental Insurance Product Changes for 2016
The first, and perhaps most obvious change, is that the product will now be called ‘Car Rental Insurance’ as opposed to the previous name “Car Hire Excess Insurance”. The new name provides a more accurate description of the product, as the ‘Deluxe’ level of cover offers a number of great benefits in addition to excess reimbursement.
Having 2 levels of cover available is the other significant product change. Previously the product only offered one option, but now there are two distinct levels of cover to choose between based on your needs and budget. The ‘Deluxe’ level of cover is almost identical to the cover offered on the previous product with the addition of including ‘Car Club Membership’ at no additional cost.
The ‘Standard’ level of cover only covers excess reimbursement and none of the additional benefits offered on the ‘Deluxe’ level. And both levels of cover now include an excess reimbursement benefit allocation for ‘Admin and Handling Charges’ which was not available previously.
“Offering two distinct levels of cover will help meet different consumer demands for this type of product,” Says Paul O’Sullivan, Director at SGI, “Some people want a value option for a low price but protection from the big financial risk, and other customers are looking for the additional benefits and cover options available on the ‘Deluxe’ level – and now this policy can meet the demand for both.”
For more information please visit the car rental insurance page on the SGI website:
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
10a High Street
Billericay,Essex, CM12 9BQ
Contact : Paul O’Sullivan
Telephone : +44 (0)203 5147032
E-mail : email@example.com
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Car Rental Insurance Product Changes for 2016 here
News-ID: 325461 • Views: 675
More Releases from Status Global Insurance
Status Medical Insurance Solutions Launches European Health Cash Plan Product an …
Status Medical Insurance Solutions, a new brand for Status Global Insurance (SGI), have just launched a new European Health Cash Plan product alongside Status Worldwide Healthcare, a new international private medical insurance (iPMI). These two new products complement those already available from Status Global Insurance, and are a great fit for the expat market. The Status Medical Insurance Solutions (SMIS) brand focuses on products designed to meet the health and
More Releases for Car
Car Rental Market by Type of Car (Luxury Car, Executive Car, Economical Car), Mu …
The growth of the global car rental market is majorly driven by development of the travel & tourism industry. Furthermore, rise in disposable income of people in countries such as the U.S., Germany, and Italy and enhanced road infrastructure is promoting the growth of the market. Increase in investment by global funds and players opting for aggregator-based business model further fueling the market growth. Automobile companies have developed green vehicles