Car insurance can be confusing for buyers because of its complicated terms and conditions but rental cars are a whole next level of confusion, especially for people who are renting car for the first time. Car rental companies’ offer lucrative offers but people end up paying more on insurance and rental coverage. Should you buy the car rental coverage offered by the companies or does your car insurance cover rentals cars? Here is almost everything you should be aware about:
Check if you are already covered
First thing to do is to check if you are already covered with your personal auto insurance and check with the insurance provider what are your options in case of any accident or damages with the rental vehicle. You might be covered already and this can help you save from spending additional for coverage. You should also check with your personal insurance if you are covered for accidents and medical bills occurred in any such events. Personal insurance might not cover vehicle but can save a big chunk with medical bills. If you are about to buy a new policy, ask for car insurance quotes that covers you on this front.
Know the coverage you need
You need to figure out the coverage you might need for your rental car. Some states require insurance for rental vehicle necessary while the others might have different rules. This also depends if you renting in your home State or any different State or country. A local driving license will surely have smoother transport rules and regulations.
Apart from legal rules, you might need coverage in case of any accident or damage. You should be covered for third party insurance, which provides protection from any third person or property damages in case of accident. You will also be looking at protection offered to car and the passengers for any damages in the event of accident. It is also a good idea to have coverage for any luggage during the rental period as you might be carrying a lot for your trip.
What’s already covered in rental terms?
Once you know the type of coverage you are looking for the rental period, you need to know what all is already covered in your rental terms and what additional you need protection from. You need to talk to rental provider in case of any changes to terms.You should also check with your credit card provider to know if they provide any coverage for rental payments. Usually all card providers provide personal and accidental insurance in case of any such events.
These are the major facts to decide if you need additional protection for rental car and the terms that you need to look at when signing agreement for your rental vehicle. Usually you might need to buy additional insurance if you are renting car outside your state and the law requires you to buy one. In terms of damage protection, most of the rental vehicle providers are coming up with new facilities where vehicles are already protected against accidents and renters can also avail credit card benefits on car rentals. In some rental segments, the security deposit is very low for the car and renter’s liability is just loosing that security deposit in case of accident. The rental company takes care of any damages to the vehicle.
Talk to your rental company before signing the agreement and ask them for any changes in terms and additional coverage you need during your rental. One also needs to inform the rental company in case of any accident or breakdown during the trip. Make sure you are well protected during your road trip, especially in case you are renting a car outside your state or country where rules might be different than your place.