The insurance sold by RVE Insurance is an Allianz Australia product. It is independent to the car rental companies and provides an alternate cover to excess reduction products sold at the rental desk.
The product provides cover for damage caused by an accident or if the car is stolen plus a number of damage causes often excluded by the car rental companies including single vehicle accidents, windscreen and tyre damage, under body and overhead damage.
Assessed damage costs are reimbursed up to your chosen excess value; either $4,000, $6,000 or $8,000.
Full product terms and conditions are outlined in the Product Disclosure Statement (PDS).