What is the Allianz excess insurance?

In almost all car rental companies you must provide a security deposit for the vehicle that you rent. If there any damage to the car the car rental company keeps that deposit. If damage occurs Allianz will reimburse the insured the excess that the car rental company will charge. The policy serves as a supplementary insurance for leased vehicles.

The insurance covers the excess that will be charged as a result of damage or theft of the rented vehicle during the rental period. Make sure to get a police report if a third party is involved in the accident.

You can read more about Allianz insurance here.