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Rental Car Insurance
Rental Car Insurance - Do You Really Need It?
Getting away from the busy and stressful life at work is the dream of almost everyone. However, stress does not end by the time you got your tickets and packed your bags. Knowing the different routes in an unfamiliar state can be very troublesome as well. That is why many travelers opt to rent a car instead so they can conveniently go from point A to point B.
As soon as you have reserved a car by phone or via internet, the representative of the car rental company would ask you if you want a personal liability insurance or a collision-damage waiver along with the contract of the car to be rented. Unless you are fully aware of the insurance terms, you would give a pretty long pause before answering Yes or No. Do you really to need to pay another type of insurance since you already have yours?
For those who are still unaware of the rental car insurance, do not be discouraged to rent a vehicle. Just like most insurance customers, many are uncertain yet are concerned about the insurance that they would have while using the vehicle. And because of this unfamiliarity, many are ending up purchasing too little or too much coverage.
But how about using your own vehicle insurance policy? If you want to consider this option, it would be best if you ask your insurance company about the policies and the coverage of the insurance in case you will use it on the rented vehicle. More often than not, the policies that your own vehicle has will also cover the rented vehicle as well.
If your insurance company tells you that your policy is enough, there is no need to avail of the collision-damage waiver from the car rental company that would protect the vehicle from any damage. The same goes for the personal liability insurance at the same time. This is very important so that you could be protected from financial dilemma afterwards just in case an accident happens when you are using the rented car.
Other than that, you can also ask your credit card company if they have programs that would cover rented cars. In case there is, immediately ask for the amount and the kind of coverage that they offer as well. If possible, list down all the possible questions that you might have before calling or heading to your credit company. Compare the programs and deals of each credit company if you have more than one so you can get the best and the one that is worth your money.
However, if you just want to simply purchase an insurance from the car rental company, always remember that there will be a so-called Coverage Precedence. The insurance from the car rental company will always take over the policies that you have from your own agent or company. Therefore, in case of accident, the insurance coverage of the car rental company will be considered first if there are bodily or property damages involved.
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