Definition: Car Hire & Insurance is a concept that refers to buying car rental services from an automobile rental company, typically through an online platform, and then having them take over ownership of the vehicle once it has been driven away. The term "car hire" is used to refer to renting a car or a vehicle. The word "insurance" refers to providing cover against loss or damage to the car itself, as well as cover for unforeseen costs such as repairs or maintenance that may be incurred during the rental period. In summary, car hire and insurance are two distinct concepts related to purchasing rental cars. Car hire typically involves renting a vehicle from an automobile rental company, while insurance covers losses incurred by the owner of the car due to accidental damage or theft.
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