Insurance is a contract between two parties whereby one party agrees to undertake the risk of another in exchange for consideration known as premium and promises to pay a fixed sum of money to the other party on happening of an uncertain event (death) or after the expiry of a certain period in case of life insurance or to indemnify the other party on happening of an uncertain event in case of general insurance.
Number of insurance policy holders is gradually increased with time.
Different types of insurances has been elaborated like the backpacker insurance, breakdown cover insurance, wedding insurances, car hire excess insurance, cricket match insurances etc.
There are many companies who provide us various insurances.
So if you need to have an insurances then you can get with some cost.
Now we will talk about the Car Hire Insurance.
Those people, who are planning for hiring a car, may have insurance.
Car hire insurance is a process of renting a car for some time being to target customers for a fee, the target customers are those customers who need a car for solving his purposes but they do not have their own, so they have an interest to have a car on rent.
While hiring a car, one should aware because, while renting a car, he has to sign an agreement.
So read the agreement and their terms and conditions carefully and always carry the copy of the driving license and the insurance papers along with you.
If you will follow these suggestions, I am sure that you will be quite beneficial by having this insurance.