Island Explorer Holidays – Car Rental Insurance Policy

 

1. Policy Overview

 

This car rental insurance policy is designed to protect renters of Island Explorer Holidays vehicles from financial liabilities in the event of unexpected incidents such as accidents, theft, or damages while the vehicle is in their possession. By renting from us, renters agree to the terms and conditions below.

 

2. Coverage Details
3. Collision Damage Waiver (CDW)

• What it Covers: CDW covers the cost of repairs to our vehicle if it is damaged due to a collision or accident.
• Exclusions: This waiver does not cover damages caused by negligent driving, off-road usage, or prohibited use under our rental agreement.
• Excess: USD 500 (see Section 3 for details).

1. Third-Party Liability (TPL)

• What it Covers: TPL protects against liability for injuries or property damage to others (third parties) caused by our vehicle while rented to you.
• Coverage Limit: Up to USD 5,000 for 3^rd party property damage and USD 2,000 third party bodily injury.
• Death by Injury : USD 10,000
• Funeral Costs : USD 5,000
• Disability Modification : USD 5,000
• Exclusions: Does not cover injuries to the renter. CDW covers the damage to the rented vehicle.

3. Understanding “Excess”

The Excess is the maximum out-of-pocket cost a renter may need to pay in the event of a claim. For example, if there is damage to the vehicle or it is stolen, the renter will only pay up to USD 500 for the repairs or replacement. Any costs exceeding this amount are covered by Island Explorer Holidays’ insurance.

Example:

• If damage repair costs USD 700, the renter pays USD 500 (Excess), and Island Explorer covers the remaining USD 200.
• If repair costs are USD 200 (below excess value of USD 500), the renter pays USD 200.

4. 
   Exclusions and Limitations

The following are not covered under this policy:

1. Negligent or Reckless Driving: Any incidents resulting from reckless, drunk, or distracted driving.
2. Unauthorized Usage: Using the vehicle for off-road driving, racing, or in violation of rental terms.
3. Unauthorized Drivers: Damages caused while the vehicle is driven by an unauthorized person not listed on the rental agreement.
4. Personal Belongings: Loss or damage to personal items left in the vehicle.

5. Claims Process

In the event of an accident, damage, or theft:

1. Report the incident to Island Explorer Holidays immediately.
2. Document the scene (if possible) with photos and collect any available details (e.g., third-party information, police report).
3. Submit a claim report form, available at our rental counters or via our website.

Once your claim is processed, you will be billed only up to the USD 500 Excess if applicable.

6. General Terms

• Rental Agreement Compliance: This policy is only valid if the renter complies with the terms and conditions outlined in our rental agreement.
• Modifications: Island Explorer Holidays reserves the right to modify or update this policy without prior notice.