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Self drive hire > insurance for self drive hire > information Self drive hire insuranceIntroductionIn the UK, self drive hire insurance has been traditionally very difficult to arrange for those firms wishing to enter the self drive hire market. The problem usually is : You need self drive hire insurance to operate a self drive hire fleet but insurance companies won't quote unless you already have a proven record in the self drive hire market. This, chicken and egg problem, is a major obstacle in entering this lucrative market. In addition each business looks for ways of making itself more efficient. The solutionIn conjunction with a major insurance company we can arrange a unique product providing automatic invoicing, control of hire, and, most importantly - only charges you for the actual dates that you have vehicles on hire. If you want to request a self drive hire insurance quotation based on this product then Click Here Further information on the product.The system is based on pre-set daily rates as most self drive hire insurance policies are restrictive and require costly annual financial commitment. It allows you the freedom for cover only when vehicles are on rental. It calculates the premium, all taxes and the rate (set by you) for each contract depending on the vehicle, length of contract and hirer profile. This is displayed and can then be printed on a pre-loaded invoice. When the contract is confirmed the data is sent via the Modem Link. An invoice will be prepared by the insurers at the end of each month, according to how many rental days have been covered. The system recognises that fleets increase and decrease as demand dictates giving flexibility to your premiums. A daily base rate is confirmed and fixed for a six month period. Rates are reviewed depending on your claims experience each 6 months. The system has an itemised billing capability so you are able to keep your own record of the amount of cover you have used. Business costs are therefore kept to a minimum and payments are made in arrears. A security deposit equal to one month's premium is required. You can change vehicles and additional drivers at your computer and generate a cover note from your own printer. The product offers you an economical and effective Daily Rental System. A full operational system from Reservations to Printed Rental Agreements are generated from the computer. Each customer is Pre-Qualified in seconds reducing your risk. The cost of the systemThere is a charge of £845.00 + VAT to install the system. This includes:-
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