Common use of Rental Vehicle Excess Clause in Contracts

Rental Vehicle Excess. If during the Period of Insurance, an Insured Person rents or hires a Rental Vehicle in the course of the Covered Trip which is involved in a collision whilst under the control of the Insured Person or such vehicle is stolen or damaged and the rental agreement includes an excess (or deductible or similar condition) which makes such Insured Person liable for the loss or damage of the Rental Vehicle, the Company will reimburse him / her for the Rental Vehicle Excess chosen up to the maximum Sum Insured stated in the Schedule or subsequent endorsement(s) (if any). This benefit shall be payable once per Covered Trip. As part of the arrangement for the rent or hire of the Rental Vehicle, the Insured Person must take all compulsory motor vehicle insurance provided by the rental organization, against loss or damage to the Rental Vehicle during the rental period. Exclusions (applicable to 6f)