If you thought you could rent a car for seven days for $7 per day,Does my car insurance covers rental cars Articles what would you do?
Think again! Paying for the additional insurance coverage quickly puts the vehicle out of control, prompting you to consider booking a new trip where you won’t need a rental car.
You’re in luck if you have Cheap Car Insurance on your car and are renting it within the same region!
If you’ve ever looked for a rental car online, found a good deal, and then been asked if you want to pay extra per day for insurance, you know how difficult it can be. Is it, however, necessary to buy additional rental car insurance to cover it? Isn’t it true that you already have insurance on your car? You might be asking yourself right now, “Do I need rental car insurance?”
Although rental car companies often offer absurdly high levels of coverage that make you feel all warm and fuzzy inside and like you’re getting a good deal, you might not need it. Then why would you pay for anything you don’t need (and might already possess)?
If you have a paid-off vehicle, you can only be responsible for liability insurance from your auto insurance company. If you haven’t paid off your car or have a mortgage, however, you’re probably familiar with the coverages (because you have them all)!
Find out what is—and, most importantly, what isn’t—covered by various plans before accepting or declining rental car insurance at the car rental counter. If you are taking a rental car for personal use, the car insurance policy that you have would most likely cover some of the basic protections provided by the rental company. We’ll go through the different types of insurance rental companies provide, as well as what your policy already covers and any holes you may need to fill.
Suppose you have liability, accident, and comprehensive insurance for your car. In that case, you’ll already be covered for much of the coverFage provided by rental companies, at least up to the policy’s maximum. Furthermore, most landlords’ or homeowners’ insurance plans will cover personal belongings stolen from your rental.
Before you decide to buy coverage at the rental counter, you can check your policies.
What to check before you purchase rental car insurance?
If you do have car insurance, review your policy or contact your provider for details on coverage and ask the following questions:
Is rental car coverage included in this policy?
What and who is covered by your policy?
Is it possible for someone else to drive the vehicle?
Is there compensation for liability, personal property, theft, and other things in addition to collision damage?
Is the coverage sufficient for the vehicle you want to rent?
Is your new policy the primary Sports Car Rental insurance for the rented property?
A premium is a set amount that you must pay before your insurance policy kicks in. What is the deductible on your policy, and is it the same for rental cars?
Car rental insurance is available on many credit cards, including all Bank of America consumer credit cards. (If you do have a personal auto insurance policy, this plan is secondary.) To learn more about the particular terms, conditions, and exclusions, contact your card issuer or consult your card benefits guide.
Physical damage to or theft of the rental vehicle is usually covered by credit cards with this benefit, with no deductible. Any damage to the rental car is insured if you get into an accident, as long as the rental agent verifies the damages and coordinates with the benefit provider. Most cards, however, do not compensate for damage to other cars or goods, as well as any liability that might occur, including personal injury.