High street providers are not always able to lower their insurance excess to zero due to the value of the vehicle or because of limitations placed on them by their insurance policy.
TCF’s response to this is to offer our free-of-charge but optional integrated excess reduction service in order to make sure that excesses are reduced to zero where possible ensuring that TCF’s rates are as ‘reasonable’ as can be.
TCF’s fully integrated excess reduction report is compiled once a week and follows the same methodology as our BHR report whereby the Google search engine is used to identify the first three companies offering hire car excess reduction insurance policies.
There are a large number of these company’s on the open market who are able to reduce the excess of the vast majority of hire vehicles to zero at a fraction of the cost of a traditional excess reduction products.
Be aware, however, as these excess insurance policies do not operate in the same way as the traditional excess reduction products operated by the mainstream hire providers in that they are excess reimbursement policies.
This means that in the event of an accident or a vehicle theft, the hirer must still pay their excess directly to the lessor before claiming that money back from the excess reduction insurance provider.
Limitations do exist in terms of which vehicles which can be covered by these insurance policies but TCF can advise on a case by case basis.
Credit Hire Services
BHR Full Reports
TCF currently provides two full BHR reports for its clients which fall into two categories - Standard and Non-Standard.
Credit Repair Reports
TCF currently provides Credit Repair reports for its clients who wish to investigate credit repair costs