You get off the plane and go to the car rental desk. The agent asked, "do you want to buy insurance for Your rental car?" This is not the thing you want to be thorough in your vacation, so it's good you know what is covered before you travel it.
Your Car Insurance Typically Include Car Rental
The most likely answer is that you don't have to buy additional rental car insurance. If you have a vehicle that is insured and has decent protection, your policy will most likely include a rental car. However, this should not be assumed. Different car insurance companies provide various types of coverage in their policies. You should contact your insurance agent and check Your car insurance policy to make sure it includes a rental car. Also, make sure whoever will driving a rental car on a lease contract. (There may be an additional charge for each person who is driving a rental car).
There is also the possibility that paying by credit card you may provide some coverage for rental car. However, the majority of credit card covers theft and damage to the car-which is known as the cancellation of the collision damage (CDW) and the liberation of the damage (LDW). Credit cards usually do not cover the liability (damage to other vehicles). And while you may be covered for damage to the vehicle, you may not be covered personal injuries.
Most credit card coverage also secondary, meaning that you must first file an insurance claim with Your auto insurance. Insurance of your credit card will be started after this. Consumer credit card also offers a level of coverage that is different from the credit card business. The point you should contact a representative of your credit card and check your credit card benefits report to find out more about your specific card benefits.
Credit card coverage may help if you rent a car in another country, because American car insurance companies often don't cover the international rental outside Canada (some countries are also not covered by credit card). But keep in mind that there are often limits the length of the credit card coverage on rentals, usually between 15 and 30 days. Also know that most credit card companies don't cover luxury vehicles.
Time to Buy the rental Insurance
All that being said, the rental car insurance is there for good reason. There are times when you have to buy the rental insurance. The most obvious case is if you don't have your own car insurance policy or if your policy doesn't cover rentals. However, even if you have car insurance that covers rentals, there are situations where the rental insurance should consider, such as:
- Car insurance you don't have comprehensive or collision coverage. People often ignore the scope of comprehensive and/or collision for vehicles that are older and less valuable. But you might want a comprehensive and collision coverage for rental. You don't want to risk paying out of pocket for the repair of a rental car from a collision. And you will want a comprehensive coverage in case the damage is not caused by a collision (a pot hole, flame, etc.).
- Car insurance you have a high deductible. Other ways people are trying to save money on car insurance problem is to choose a high deductible. But this means you risk paying a high deductible if you are involved in an accident with a rental car. Purchase the rental insurance could come down like a deductible.
Do you have to purchase the rental insurance is an important question to consider. You don't want to waste money by buying insurance rent. However, you also don't want to drive a rental car without the proper insurance coverage.
Because every situation is different, it is important for you to take the steps necessary to determine if the car insurance and/or credit card You provide protection and adequate coverage for rental car.
If you want more information about the rental car insurance or if you have any other questions about car insurance, please contact our Office at (734) 761-7282 to speak with a lawyer.
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