car insurance

car insurance
need rental car insurance

car insurance :The decision whether or not to buy rental car insurance can be very confusing for consumers. You must ensure you are covered if you are in a car accident while driving the rental car, but you also do not want to pay for coverage that is already provided by your insurance or other sources. Instead of waiting until you are on your next business trip or vacation, plan ahead and know what coverage you already have.

First, call your insurance agent and find out exactly what your auto insurance policy covers in the case of a rental vehicle. Confirm with your agent that your current policy includes liability coverage, comprehensive and collision of cars. The comprehensive and collision insurance covers damage you do to the car, while liability insurance covers you if you injure someone in an accident.

A place that many people do not check the insurance cover with their credit card.Many providers will offer the credit card theft and collision insurance when you pay for the rental vehicle with their credit card. This coverage is usually secondary to your auto insurance policy and may have some restrictions. This coverage also covers only damage to the car, not liability claims that may come your way. Sometimes the credit card company will also exclude business use or put a time limit and geographic coverage. Be sure to discuss all these limitations in detail until you understand them.

If you find that your lack adequate coverage through your auto insurance policy and coverage offered by your credit card provider is not enough, then you should buy coverage through the rental agency.

The rental company is going to ask you to sign a waiver of collision damage. This waiver is not really insurance. E 'instead of a guarantee by the rental company that will pay for certain damages. The damage waiver typically will cost between $ 12 and $ 25 per day. If you reject this waiver, you accept responsibility for any damage to the car.

The waiver also will cover any "loss of use" damages. This is the car rental company would lose money if the vehicle can not be rented due to damage. Most auto insurance policies do not cover this type of loss.

While the rental car insurance can be confusing, you better make sure you fully understand what coverage you need and what coverage you already have.