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Car rental question
Hello friends! I am planning my trip and I want to rent a car for 10 days.
what is a franchise?
I chose a car, the price is fine, the insurance deposit is also all right, but here's the deductible amount (3000+ euros) .. it turns out this amount should be on a credit card and will be frozen? or am I misunderstanding something?
plus, I will listen to any other advice on car rental, maybe services / rental offices tell me
what is a franchise?
I chose a car, the price is fine, the insurance deposit is also all right, but here's the deductible amount (3000+ euros) .. it turns out this amount should be on a credit card and will be frozen? or am I misunderstanding something?
plus, I will listen to any other advice on car rental, maybe services / rental offices tell me
Translated automatically from Russian. View original
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Answers • 2
My friends were in Italy now. The deductible was about 1500 euros, which should be on the card to get a car for rent. They can also be frozen. Most likely it will be so with a non-resident. Given that Iceland is an expensive country, I think you are right. They will freeze this amount on your account and unfreeze it when you return the car in safety. If there is no such amount in the account, then simply no one will give you a car.
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answered 6 years ago
Franchise is a non-refundable payment. The deductible in insurance is the amount of insurance coverage that is not refundable. For example, with an insurance coverage of 1,000 euros with a deductible of 100 euros, the insurance company covers more than 100 euros of damage, i.e. if the damage is 500 euros, the coverage will be 400 euros, if the damage is less than 100 euros - no insurance payments are made.
What Yaroslavas wrote about was the blocking of funds on the tenant's account as a guarantee of rent payment. The blocked amount can be authorized and used to pay the rent or, most often, when the car is returned, the payment is withdrawn and the blocked amount is returned to the card account in a few days.
I recommend taking full insurance without a deductible, it is more expensive, but much calmer.
What Yaroslavas wrote about was the blocking of funds on the tenant's account as a guarantee of rent payment. The blocked amount can be authorized and used to pay the rent or, most often, when the car is returned, the payment is withdrawn and the blocked amount is returned to the card account in a few days.
I recommend taking full insurance without a deductible, it is more expensive, but much calmer.
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answered 6 years ago