What is a franchise?
Franchise is the part of the amount payment of damage by the customer (leaser) when an accident insurance risks CDW, TP, TPL.
For example:
- If it was an accident insurance claim for Collision Damage Waiver (CDW), Theft Protection (TP), Third Party Liability Insurance (TPL), the number of damages for the vehicle amounted to 2000 AZN, and franchise amount is 300 AZN, the customer (leaser) accounts only for the amount in 300 AZN, the remaining amount in 1700 AZN will cover the insurance company.
Attention! This rule applies only if the customer (leaser) has followed the terms of the contract and the representatives of the insurance company and the staff of the DYP (traffic police) arrived at the point of an insurance accident in any other case, the customer (leaser) is responsible for the damage.
- If the damage does not exceed the amount of the franchise the entire expenses of damage the customer (leaser) is responsible for. The amount of franchise for each class of car is different and listed on our website for each car.
«Karavan» the car rental company in Azerbaijan (Baku) offers rental cars with full insurance coverage without responsibility for the franchise, this kind of insurance “Super Coverage Plus (SIP) covers all risks, not wilful damage caused to the vehicle during the lease on the part of the customer (leaser). If the customer( leaser) buys this insurance package (SIP) he doesn’t account before the company (in this case the “Karavan Rent A Car in Baku” company) for the franchise in case of accident or contingency.
