Carnet de passage UK: RAC withdraws bank guarantee
Quick update on the carnet de passage in the UK:
This cropped up on another part of the Hubb but it is worth mentioning here - the RAC has just withdrawn the bank guarantee option. Reason given was that banks were wanting to specify their own terms rather than accept the RAC legal wording.
This makes the whole idea even more frustrating because the only 2 options now are the insurance indemnity or the refundable deposit (only to a max. of £10,000). So they are virtually forcing people to go down the expensive insurance route. The whole thing stinks in my view and there is little incentive for the normally law-abiding traveller to enter into such a costly and one-sided proposition. I had quite a heated "discussion" with the RAC this morning on this. I spoke to my bank and I can get quite a good deal on a bank guarantee which turns out to be much cheaper than the insurance route. I will persevere with the RAC and see what can be done.
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