When renting a car, do I have to buy insurance if they have a personal car insurance policy?
Actually there is no simple answer to the question of whether you should purchase insurance offer car rental company when you have your own car insurance policy. That is to say, while you don't necessarily have to, you may have and here's why.
Rental cars and insurance
Rental car company has a fleet of cars that they are willing to provide to the public for use. To do that, they need to make sure that the car is covered with true not only for the scope of the obligations mandated by the State, but also to comprehensive and collision damage. So the car could be repaired if you are involved in an accident.
Even though you have your own car insurance policy, usually only the coverage you have on your vehicle will be taken to a rental car. For example, you have a 1995 Ford Taurus with the scope of the duty, but you don't have collision coverage is comprehensive. You may only have coverage responsibilities while driving a rental car too. Rental car company definitely need full coverage. Therefore you must purchase their coverage if you rent a car, because your personal coverage is insufficient.
If, on the other hand, you have a new vehicle by 2014 full coverage-liability coverage with comprehensive and collision-you don't need to be required to buy insurance for them and will have sufficient coverage to be transferred to a rental car if required.
It's not the end of the story the rental car insurance
Understand The Use Of Loss Coverage
What happens if you rent the vehicle and caused the crash? The vehicle must be repaired. The damage itself will be covered by the insurance policy in question, but when the car is being repaired, rental car company could not obtain income from rent to someone else. This is called the "loss of use".
Because you are the one who contracted out to the vehicle at the time of the accident, the rental car company can hold you liable for loss of use, which not only charge you for the days You rent a car, but for the days are not they can do lease to another person because of Your negligence. Depending on the severity of the improvements that are needed, the Bill could be rapidly increased in number.
Your personal car insurance policy will not always pay for the loss of use, but the majority of insurance policies offered by the rental car company would be.
It is important that You read the writing and directly asked if the loss of use of the rental agencies are covered by their insurance for checking this.
Although it seems much easier to show your insurance ID card at this time, additional fees for the purchase of third party insurance very nominal compared with paying the cost of using the losses.
Make sure you ask for a rental car company about losing coverage of use and, if in doubt, talk to your insurance agent before renting a vehicle to get help and advice.
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