The d deductible or franchise is the amount that the driver must pay when there is an accident or incident. And the insurance covers everything that exceeds that amount. If there is no incident, the deductible is not charged.
Who pays the deductible?
The driver.
What is the difference between the deductible and the security deposit?
They are two different things that are often confused:
| Security deposit | Insurance deductible |
When is it charged? | Before the rental, as a hold | Only if an incident occurs and the insurance is activated |
Is it refundable? | Yes, if the trip ends without incidents | No, it is the cost that the driver assumes in the event of an incident |
What is it for? | To cover damages or fines without activating the insurance | Limit of the driver's liability |
In summary, the deposit is a temporary hold that is released at the end of the rental. The deductible is what the driver pays if there is an accident.
What is the deductible amount on TripWip?
The amount of the deductible varies by country and the chosen insurance plan. In Argentina and Mexico, it also varies by the type of vehicle. The driver chooses the plan at the time of booking.
What happens if the damage is less than the deductible?
If the repair cost does not exceed the deductible, the insurance is not activated. The driver assumes the cost.
How can the deductible amount be reduced?
By choosing a higher coverage plan when booking the vehicle.
Basic Plan: higher deductible, lower price per day.
Gold Plan: deductible reduced by about half.
Platinum Plan: deductible at zero (does not apply in Argentina).
Does the deductible also protect the host?
No. The host is covered by the insurance. And charges without depending on the driver.
Frequently asked questions
Is the deductible charged whenever there is an accident? If the accident causes damages that activate the insurance. If the damage is very minor (a small scratch, for example) and the cost is less than the deductible, the driver pays the repair cost.
If the accident is the fault of a third party, do I still have to pay the deductible? If the responsible third party has valid insurance, you can manage it with the insurer. TripWip needs the third party's details (name, contact, license plate) at the time of the incident.
Can the host know what the driver's insurance plan is? The driver's insurance is public in the reservation details. The host can see it before accepting the trip.