Rental Vehicle (Collision Damage Waiver)

Product Rental Vehicle (Collision Damage Waiver)
Product Manufacturer Carrier
Carrier Astrenska Insurance Ltd

Product Approval Process

This product has been reviewed by MGAM’s Product Oversight Group (POG) which concluded that the product risk review was sucessfully completed, including consideration of the wording, and did not identify any concerns or require any further actions. The product is suitable for the target businesses and shop owners that retail to members of the public and responds to their exposure to losses arising in relation to legal exposures, loss/damage to property, and other relevant perils. The POG did not identify characteristics in relation to the various areas of potential risk.

Who this Product is suitable for:

Target market is Vehicle Hire Companies who own the vehicles which are rented out. Collision Damage Waiver insurance for Rental Vehicles. Cover provided for when a Rental Vehicle or any part of it suffers Accidental Damage or Theft or Vandalism or any damage arising from such Theft or Vandalism during the course of a Rental Agreement.

Who this Product is not suitable for:

Consumers other commercial businesses who do not have an insurable interest in the vehicle being rented.


Product Suitable Distrubution Strategy

Distribution Method Yes/No
Sold directly to customer by our firm No
Sold to the customer via Appointed Representative Yes
Sold via other intermediaries between us and the end-customer Yes
Sold via a comparison website No
MGAM Delegated Authority (Transactional) Yes
MGAM B2B2B Quote & Bind Platform No
MGAM B2B2C Quote & Bind Platform (first party system) No
MGAM B2B2C Quote & Bind Platform (third party system) No
Sub Delegated Authority (Coverholder) No
Coverholder B2B Quote & Bind Platform No
Coverholder B2C Quote & bind Platform No

For more information contact

Oliver Lawton
Head of Underwriting Support Services

T:+44 (0)203 946 9102
M:+44 (0)788 129 9867