Annual Car Rental Insurance Renewal is here again

 Released 19th October 2007  

In October 2004 Philip Suter of JML Insurance and his wife read an article in a Saturday national newspaper about the benefits of taking out an annual car rental excess policy.

They rented cars at least half a dozen times a year and noticed how they were usually told that if the car was damaged there would be a large amount of money to pay and that was not included in the car rental standard insurance.

Naturally not wanting to have an additional worry they paid for additional insurance cover. They had never had a problem when renting a car apart from the time they used a low cost company who claimed the standard small Mercedes that was provided throughout that company's fleet had damage.

At that particular time a lot of people were invoiced for "alleged damage" and following a BBC television consumer programme the "alleged damage" deductions were refunded.

This incident and the fact that when you arrived at an airport to collect the car you were persuaded to part for non-budgeted income made this new product look interesting.

The policy would cost around £50 each for European cover and renting a car several times a year would make it great value. Car rental companies would normally charge insurance excess by the day so even if you rented twice a year, the bill soon mounts up.

Philip Suter contacted the founder of Larry Ursich, who had founded the company two years earlier in 2002. Larry had run his own car rental booking company for 10 years or so and noting the high costs being charged by the car rental companies for Excess cover, decided to develop a better alternative.

By this time were selling a lot of HomeLet landlords and tenants property rental insurance policies and this alternative looked very interesting. Larry appointed jml Insurance as web agency and since then thousands of these policies have been sold to jml insurance and jml clients. Insurance4 car hire also cover North America and offer worldwide policies and two European renewal policies have just been sold to Philip Suter and his wife as the October termination notifications have been received.

Jml also offers other products from the husband and wife team of Larry and Maureen Ursich. "They keep on finding interesting non standard insurance products" says Philip. These include Second Home Emergency Travel Insurance, Motor Insurance Premium Reduction insurance and Car Key Insurance - it can cost over £400 to get a new set of car keys! It would interesting to see what products they develop next


Company Information

jml is part of jml Property Services, the trading name of Jeffrey Milner Ltd. The company is an UK based company that was established in 1979. jml insurance acts as an introducer for insurance companies selling property insurance including landlord and tenant rental products, pet insurance, wedding insurance, motor insurance, car hire excess insurance, travel insurance and non standard insurance products. They also operate an online marketing service for owners of holiday home property to advertise and are part of the jml Group that includes jml Training and Consultancy

© jml Property Services October 2007

See Also:

Drivers Abroad are stumped by hefty Car Rental Excess costs, but could save £££’s on the holiday budget with an annual policy - April 2008

Confusing car rental jargon, unclear insurance policies and excessive excess – The Big 3 pitfalls that can leave you out of pocket when hiring a car on holiday, warns - April 2008

Age no barrier to protection for older drivers – Low cost excess waiver policy helps over 75s stay on the Road - March 2008

Brits go holiday crazy reckons major survey – but says watch out for excess car hire charges - March 2008

Trusting travelers tripped up by Holiday Car Hire pitfalls – Wise up or pay up, says - March 2008

insurance4car - March 2008

Brits set to get stung this Easter with Sky-High excess insurance costs – EU car rental firms cash in on UK drivers with massive excess charges - March 2008

The Great Excess Insurance rip-off - EU Car Rental firms fleece Brit drivers with massive excess Penalties - February 2008

Towergate Partnership announces the acquisition of Insurance 4 Car Hire Agents Ltd - January 2008

Lower prices for car hire excess insurance from December - December 2007

Exercise your constitutional rights in the air - January 2001



Back to jml Press Releases

Andrew Copeland International Property Insurance logo