Supplementary Liability Insurance (SLI)
This insurance covers you for claims made by third parties for either physical damage to their property (say their car) or injuries they sustain.
In Europe, Australia, New Zealand, Africa and most parts of the Middle and Far East this is normally included within the minimum insurance that has to be taken from your hire company.
In the US, Canada and the Caribbean (and a few other countries around the world) whilst some liability insurance tends to be included within the car hire package this may be at a level which leaves you feeling inadequately protected. For instance in a number of US states the legal minimum level of liability insurance a car rental company must provide is below $25,000 (see a more detailed breakdown of US minimum SLI levels here - leaving a car hirer massively exposed if they were involved in a serious accident. 'Top up' or Supplementary Liability Insurance can therefore be bought to increase cover to a more comfortable limit.
It is important to note that the 'primary' liability insurance supplied by your local rental firm would provide cover for the first part of any claim, with the Supplementary cover coming into force for larger claims. In case of query refer to your car hire insurance company.
Details of companies offering supplemental liability cover are found when asking for a quotation from the moneymaxim car hire insurance service. Policies bought through this service are normally a fraction of the cost of policies bought at the car rental desk. Companies tend to either top up any locally provided liability insurance to $1m, or provide an additional $1m of cover in addition to that supplied locally. Again companies policies are detailed on the moneymaxim service.
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moneymaxim always recommend you take independent financial advice before acting on any article. Any views expressed are those of the editorial team at the time of going to press, and should not be considered as either recommendation or specific advice. Readers should be aware that no warranty is given that the details are correct and are recommended to read any policy documents carefully before entering into any contract.