Rental Vehicle Insurance Excess Cover

Overseas Travel insurance does not automatically include rental vehicle insurance excess cover. You can choose to cover your rental vehicle insurance excess up to $8000 and pay the additional premium. 

If you’re travelling around Australia, our Domestic Plus Policies automatically include rental vehicle insurance excess of $5000. 

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs.  

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance.  

Fast Cover can cover rental vehicle insurance excess on eligible policies, either automatically included or available as an optional extra, depending on the policy you choose.

• Overseas: Rental Vehicle Excess cover isn’t automatically included, but you can choose to add it (and pay an additional premium). If added, it can cover rental vehicle excess up to $8,000 (as shown on your Certificate of Insurance). The optional add-on can be added under our Snow Sports Plus, Frequent Traveller Saver, Comprehensive, and Standard Saver policy.
• Domestic (Australia): Our Domestic Plus policy includes Rental Vehicle Excess cover up to $5,000.

If this benefit applies to your policy, it may reimburse the excess amount you become liable to pay after an insured event, up to the limit on your Certificate of Insurance, provided you meet all terms in the PDS.

This benefit doesn’t replace the rental company’s insurance and generally only applies to the excess portion.

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.

Your policy does not automatically provide cover under Policy Benefit 19: Rental Vehicle Excess. 

If you require cover under this benefit, you must select from rental vehicle excess cover of either $5000 or $8000 and pay an additional premium at the time you purchase your policy.

Note:

• This benefit is only available with the Comprehensive Plus, Standard Saver, Snow Sports Plus and Frequent Traveller Saver policies for an additional premium.
• The benefit limit purchased by you will be shown on your Certificate of Insurance.
• The Rental Vehicle Excess for the Domestic Plus policy is $5000 and cannot be increased.

Cover is subject to the policy terms, conditions, limits and exclusions in the Product Disclosure Statement (PDS).

Rental vehicle excess benefits apply to cars hired around the world. Whether it’s a year-long adventure in Canada or a short weekend road trip in Australia, our rental car excess benefits will apply to rental vehicles, provided they meet the conditions as set out in our Product Disclosure Statement (PDS).  

If you’re renting a vehicle within Australia, our Domestic Plus policy includes a $5,000 Rental Vehicle Excess limit automatically.  

Please note that the rental vehicle must still have a car insurance in place for damage or theft of the rental vehicle in your custody and control, and this benefit generally applies to the excess portion only, up to the limit specified on your policy.  

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs.  

You can claim on your Rental Vehicle Excess benefit as many times as you like up to the maximum value ($5000 or $8000) that you have chosen. 

Cover is subject to the policy terms, conditions, limits and exclusions in the Product Disclosure Statement (PDS).

Rental Vehicle Excess cover does NOT take the place of car rental insurance or third-party damage insurance. This cover is only available if the rental vehicle has insurance cover for damage to or theft of the rental vehicle in your custody and control. The Rental Vehicle Insurance Excess cover ONLY covers the 'Excess' component of your car rental insurance that you become liable to pay in the event of collision or theft; up to a maximum of your nominated amount.

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs. 

As each individual’s circumstances are different, we will assess each claim on a case-by-case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance.

Rental vehicle insurance cost will depend on the company that you are purchasing it from. 

At Fast Cover, the cost of car rental insurance excess depends on the type of overseas holiday (including but not limited to, your age, destination and duration) you are taking and the level of cover (up to $8000) that you choose to add on to your travel insurance policy. 

Rental car excess insurance of $5000 is automatically included with our Domestic Plus travel insurance. 

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs. 

If the damage to your rental vehicle is less than the rental vehicle excess you are liable for, we may cover the cost of the repairs to the rental vehicle instead of the rental vehicle insurance excess. 

You should submit a claim with us and include the following documents: 

• your rental agreement; 
• the authorised driver’s driving licence; 
• the original inspection report and/or the incident/damage report; 
• the repair invoice and/or quote; 
• a written statement from the licensed rental company confirming you are liable to pay the excess.  
• Make a Claim now. 

Any advice is general advice only and does not take into account your individual objectives, financial situation or needs. Consider the PDS as eligibility criteria, policy terms, conditions, exclusions and limits apply.  

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance.

No. Rental Vehicle Excess cover reimburses either the rental vehicle insurance excess or the cost of repairing the rental vehicle, whichever is lower, up to the benefit limit on your Certificate of insurance.

It does not cover additional repair costs outside the rental company’s insurance process, nor does it pay for separate repair arrangements you choose independently.

Travelling together 

Cover is available for dependant children if your dependant will be travelling with you for 100% of the trip, meets the definition of "dependant’ in our policy wording, and they are listed on both the rental vehicle agreement and Certificate of Insurance with us. 

Not travelling together 

If your dependant is taking a separate rental car, and not going to be with you for 100% of the trip, they would need to take out a separate single policy to have cover.  

Note: 

• For your dependant to have cover under your policy they need to be travelling with you for 100% of the time, and meet other criteria listed under the definition of 'dependant', otherwise they do not qualify as a 'dependant' for the purposes of our travel insurance policies. 
• Your dependant must also comply with the Australian licencing requirements, the terms and conditions of the rental agreement and have a Provisional or higher driver's licence valid for driving in Australia, for the same class of motor vehicle, regardless of the local laws and if required, a licence valid for the country that they are driving in. 

Cover is subject to the policy terms, conditions, limits and exclusions in the Product Disclosure Statement (PDS). 

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance. 

Our policies provide cover for both drivers provided that they are both listed on the policy and the rental vehicle agreement with the rental vehicle company. 

Note: 

• You only have this cover if you have paid the additional premium to add this cover to your policy. 
• You both must have an Australian Provisional or higher driver's licence for the same class of motor vehicle, regardless of the local laws and if required, licence valid for the country that you are driving in. 

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance. 

Cover is subject to the policy terms, conditions, limits and exclusions in the Product Disclosure Statement (PDS).

You can be covered under the Rental Vehicle Insurance Excess benefit provided you: 

• Add the Rental Vehicle Insurance Excess benefit to your policy and pay the additional premium, 
• Are listed as a driver on the rental car agreement,  
• Are listed as a policy holder on your certificate of insurance with us, and 
• Hold a Provisional or higher driver's licence for the same class of motor vehicle, regardless of the local laws and if required, licence valid for the country that you are driving in. 

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance. 

Cover is subject to the policy terms, conditions, limits and exclusions in the Product Disclosure Statement (PDS).

Rental Vehicle Excess cover only covers the excess component of your rental vehicle insurance.

However, our overseas policies including the Comprehensive, Standard Saver, Snow Sports Plus and Frequent Traveller Saver policies, also include cover for your luggage and personal items under the Luggage and Personal Effects benefit.

This is also available as an optional benefit under Basics policy. Our Domestic Plus policy also includes cover for luggage and personal effects for travel within Australia. ^

If your belongings are stolen during daylight hours from your locked and unattended rental car and you have complied with the conditions of cover as specified in our Product Disclosure Statement (PDS), the Luggage and Personal Effects benefit provides cover up to $200 for each item and a maximum of $2000 in total for all stolen items.

This limit applies even if you have purchased Specified High Value Item cover for some of your belongings and regardless of the type of policy that you have purchased for your holiday.

The rental vehicle excess benefit is specifically excluded under the Motorcycle Pack.  

If you require cover for your motorcycle, you should check with the company that you are hiring the motorcycle from, or a specialist insurance company. 

Note:  

• You are not automatically covered for riding or being a passenger on a motorcycle, moped or scooter. To be covered for riding a motorcycle, moped or scooter, you need to take out the Motorcycle Pack. 

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs.  

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance. 

Trailers are not included under the Rental Vehicle definition and therefore are not included under the Rental vehicle insurance excess benefit. 

A 'Rental Vehicle' must be a hatchback, sedan, station wagon, four wheel drive, mini bus/people mover or a campervan/motorhome that does not exceed 4.5 tonnes. 

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs.  

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance. 

Trucks are not covered by our rental vehicle insurance excess as they do not meet the definition of a rental vehicle under our PDS.  

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs. 

Golf buggies are not covered under the Rental vehicle insurance excess benefit as they do not meet our definition of a rental vehicle under the PDS.  

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs.  

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance. 

Our policy definition of Rental Vehicle, does not include caravans, which are intended to be towed behind a vehicle. 

Our rental vehicle insurance excess benefit provides cover for the excess component of the rental vehicle insurance for campervans or motorhomes that do not exceed 4.5 tonnes.  

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs.  

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance. 

Campervans and motorhomes are included under the Rental Vehicle definition in the policy, and therefore included under the Rental Vehicle Excess benefit, as long as it does not exceed 4.5 tonnes and is rented from a licensed motor vehicle rental company, including peer-to-peer carsharing platforms. 

Note: 

• You only have Rental Vehicle Insurance Excess cover if you have paid the additional premium to add this cover to your policy for international policies. 

Cover is subject to the policy terms, conditions, limits and exclusions in the Product Disclosure Statement (PDS). 

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance.

Rental vehicle insurance excess cover extends to campervans that do not exceed 4.5 tonnes, rented from a licensed motor vehicle rental company including peer-to-peer carsharing platforms. 

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs.  

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance. 

Rental vehicle excess insurance applies to a sedan, hatchback or station wagon, four-wheel drive or minibus/people mover, or a campervan/motorhome that does not exceed 4.5 tonnes, rented from a licensed motor vehicle rental company, including peer-to-peer carsharing platforms.  

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs.  

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance. 

Convertibles are generally considered a type of sedan which meet our definition of 'Rental Vehicle’ in the policy wording. 

Note: 

• You only have Rental Vehicle Insurance Excess cover if you have paid the additional premium to add this cover to your policy 

Eligibility criteria, policy terms, conditions, exclusions and limits apply. Consider the PDS prior to deciding on which policy is right for you and your needs.  

As each individual’s circumstances are different, we will assess each claim on a case by case basis and in accordance with your specific circumstances, policy terms and Certificate of Insurance.