Car Insurance for Rental Cars – How to Obtain the Coverage That You Need

Renting a vehicle can be an expensive and complicated experience. There is plenty of paperwork, and few individuals make an effort to read it completely. After all, it is written in doublespeak, and most auto rentals take place at an airport terminal, where customers are impatient and in a big hurry to go somewhere else. Most individuals merely sign the paperwork and accept whatever the agreement says. This can often result in an pricey rental experience.

Rental car firms usually offer you insurance along with the rental fees. This insurance safeguards you in case you get into an accident in the rental vehicle. For many customers, this additional insurance may be a duplication of coverage which they have already.

In addition to the types of auto insurance coverage offered by rental car companies could be any of here items:

Liability insurance – This covers destruction that you may cause to another vehicle in case you have an accident. This would cover repairing a damaged vehicle or supply money to buy a new vehicle should it be a total loss. In all likelihood, your personal auto insurance policy provides you with liability insurance if you rent an automobile.

Personal accident insurance – This handles the medical costs of motorists or passengers in a different car if you’re in an accident. This could pay for medical fees, surgery costs, or any incidental medical expenditures.

Collision damage waiver (CDW) – In case you are involved in an automobile accident when driving a rental car, you’ll be held responsible for harm to the rental car. Buying CDW will eliminate that financial burden, but at a price – many rental agencies demand around $20 daily for it. A few major credit cards offer coverage for this if you are using their credit card to fund the cost of the rental. You ought to seek advice from your bank card company about this prior to picking up your rental vehicle.

Some rental agencies will offer extra insurance coverage for the loss of personal items from your vehicle as a result of theft. This would cover the loss of suitcases, skis, golf clubs, or other things you might be traveling with on your trip.

It is an awful idea to rent a vehicle without any sort of additional insurance protection. If you do not own a car or have your own personal auto insurance coverage, you’ll want to purchase some insurance coverage at the time you rent your vehicle. At the bare minimum, you should buy the collision damage waiver, or else you could be held responsible for the total cost of a new vehicle in case of an wreck. Then again, a lot of auto insurance plans extend the coverage for their clients to rental cars, therefore rendering the purchase of extra insurance unnecessary.

The smart action to take is to contact your insurance agent as well as your charge card company before you pick up your rented vehicle. Ask them what, if any, protection you might have from existing procedures. You might find out that your current insurance coverage protects you from everything. In that case, you can simply pick up your rented vehicle and enjoy your trip. The cash you save on your car coverage can be enjoyed elsewhere.

Source by Perry Monkhouse

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