The financial guarantee is a cover that guarantees the difference between the financial value of the car hired and the compensation amount awarded by the insurer in the event of an incident involving a total write-off, in other words:

• When it does not prove materially possible to repair the damage or this is not recommended, technically speaking, in order to comply with safety requirements;
• Or when the repair is possible, but its cost exceeds the insured value of the vehicle.

When this protection is taken out, any losses deriving from the incident are covered when the insured car is declared as a total write-off, as well as the compensation-related amount when it is not sufficient to cover the financial value of the car as at the date of the incident. If you are considered to be liable for the incident, you will be responsible for paying the deductible amount.