A new type of motor insurance policy designed with car hire customers in mind has been launched by Halo Insurance. The new car hire insurance policy offers cover on the excess charge for motor insurance on the vehicle. Many car hire customers are unaware of the hefty excess charges which the majority of car hire insurance policies carry, however the new cover offered by Halo Insurance will offer protection against this. The car hire excess insurance policy is being offered to car hire agents who can buy the product on a wholesale basis, allowing the agents to set their own prices for the policy. With any insurance policy, there is always an excess to pay if you need to make a claim, how large or small this excess is depends on the policy. The new reimbursement policy offered by Halo protects customers against excess liability so if you need to make a claim, with this policy in place, you won’t need to pay a penny of the excess. The excess insurance policy covers all of the most common problems which lead to car insurance claims on hire cars such as damage to tyres, windscreens, wing mirrors, and also more serious mishaps such as car theft and major accidents. As well as offering car hire excess insurance, Halo also offer a similar product for van hire customers.