The Allianz Australia rental vehicle excess insurance product sold by Rental Vehicle Excess (RVE) Insurance is sold in calendar days. For example, a policy purchased for 25th of November 2014 would provide cover from 12.01am to 11.59pm.
Often customers choose to collect their car earlier than planned or drop the car off a bit later. As the Allianz product provides cover based on calendar days, it allows for times where your pick up or drop off times change unexpectedly.
Commonly, car rental companies sell their excess reduction waiver products on 24 hour time periods. For example, if you obtained a quote from 11am Monday to 12 noon Tuesday, it is likely that the excess reduction product price would double in cost compared to the price charged from 11am Monday to 11am Tuesday.