Excess Reduction Option definition

Excess Reduction Option means the Liability Reduction Option described in clause 28.
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Excess Reduction Option means the Liability Reduction Option described in clause 31. ‘Rental Period’ means the hire period or any agreed variation thereof and any additional period during which the Vehicle is in the Customer’s possession or control.
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Examples of Excess Reduction Option in a sentence

  • If no Excess Reduction Option is taken, the Customer is responsible for the first AU$3000.00 of the cost of damage The excess applies in respect of each claim, not rental.

  • Subject to these Terms and Conditions, at additional cost You may purchase a Damage Excess Reduction Option that reduces the amount of the Damage Excess payable in the event of a claim for an Accident or theft to the amount shown in the Rental Agreement.

  • The Vehicle Security Deposit amount is determined by the Excess Reduction Option selected.

  • A new Vehicle Security Deposit will be required for the exchange Vehicle as will nomination of an Excess Option and payment for the nominated Excess Reduction Option for the length of the remaining hire period.

  • With Excess Reduction Option 2 when the rented Vehicle is a 4WD the Customer is responsible for the first AU$500 of the cost of damage as described in clause 22.8.

  • A new Excess Reduction Option will apply if a new rental agreement is created.

  • A new Excess Reduction Option is required for the remaining hire days.