Theft Protection (TP) is a type of cover that is used in car rental. Theft Protection covers the cost of replacing the rental car if it is stolen during the rental period. It may also cover the cost of repairing the car if it is damaged when someone tries to steal it.
Theft Protection is usually required by most rental companies. This cover can be purchased either from the car rental company, the broker, or a credit card company.
For Theft Protection cover to take effect, the renter is usually obliged to file a police report within 24 hours of theft and notify the rental company.
Example sentence(s):
- Please note that the Theft Protection (TP) excess is doubled if the theft occurs in the regions of Puglia or Campania.
