If you’re renting a car and taking a road trip, you probably already know you need to purchase additional insurance for the rental, in addition to your regular one. But what if it’s a long trip and you don’t have the option of purchasing insurance on your own? What options do you have?
Don’t leave home without certain items, especially car insurance. If an accident happens while you’re driving, the cost can add up quickly, and if you don’t have coverage, you’ll be stuck with the bill. Renting a car can be easy and free the hardest part may be getting the insurance you need.
If you’re renting a car while on vacation or for business, which of us wouldn’t dream of being able to return it undamaged and in mint condition? Unfortunately, accidents happen, and your rental car might not be the only victim of damage. What should you do if your rental car is damaged or stolen while you’re out of town?
If you’re on vacation and renting a car, you may be wondering what happens to the insurance if the rental car company goes out of business. A rental car insurance policy is different from the regular car insurance you drive daily.
Types of Rental Car Insurance
Car insurance is something that most people need. Unfortunately, it is normally one that is often overlooked. Most people don’t pay attention to the details until it is too late. A lot of car insurance companies have specific types of coverage, but what exactly is it?
What’s the Collision Damage Waiver?
After purchasing a new car, renters often head online to purchase insurance. But does that cover collision damage? Collision damage coverage is similar to comprehensive insurance but limits the expense to the deductible.
What Is Supplemental Liability Insurance?
Supplemental liability coverage protects you and your family when you rent a car, truck, or other vehicle. It’s worth having coverage, no matter the rental vehicle since accidents and other unexpected events can cause injuries.
What Is Personal Accident Insurance?
Personal accident insurance is an optional coverage that often comes with such policies and is designed to offer protection against accidental bodily injury, medical expenses, accidental death, and funeral expenses.
What is Personal Effects Coverage?
Personal effects coverage typically works differently, depending on the insurance company. Rent car insurance is something that protects your personal property (such as your car) while your vehicle is being rented. While coverage varies from one policy to the next based on the type of vehicle being rented, what’s included in your policy, where you are located, and your age, most policies include what’s known as “Personal Effects Coverage.” This coverage protects the interior of your belongings while your car is being rented.
Rental car insurance might not be something you’re familiar with, but it is a common option that rental car companies provide to their customers. When renting a car, there are coverages that some car companies provide for you to protect you from losses if you are involved in an accident.
If you think you only need insurance if you owe money on the car, think again. While not every state requires it, and not all rental car contracts include it, car insurance is relatively cheap and will help safeguard you, your car, and the rental company.
To protect yourself from potential rental car insurance scams, you should verify that your auto insurance covers your rental car and that your insurance will cover any rental vehicle. Even if you’re covered, you should verify that the rental agency’s insurance includes collision and comprehensive insurance coverage, rather than just liability coverage.
Renting a car can be a great way to explore the area of the country you’re visiting or to visit a new city on business. It’s important to remember that renting is a privilege and not a right and such companies are in business to make a profit, so they offer various discounts to encourage you to use them.
Renting a car can be a great way to explore your destination on your trip, but it can also be expensive. Fortunately, you can often save money on your rental car insurance by taking advantage of various discounts and perks offered by rental car companies and vehicle insurance companies.