Most people don’t think about rental car insurance till they’re standing at the counter, ready to sign for their rental vehicle, and the rental car company rep asks if they wish to purchase a policy. It’s hard to say no, since you wish to make certain you’re covered. But it ends up that with a little preparation, you can easily decline the coverage and still have assurance.
Check with your personal auto policy insurer. If you have a vehicle, check with your insurance company to see if your policy reaches rental cars. Most of the times, the answer will be yes. Make sure to ask how much of the protection you have with your individual automobile encompasses the rental vehicle. In many cases, the protection will certainly be the very same, however in some cases the coverage may be so restricted that you’ll wish to think about purchasing added protection for the rental vehicle.
Check with your charge card issuer. Odds are, you’ll be paying for the rental car with a credit card, as a lot of rental car companies need you to have a card on file when you lease a car. Lots of charge card include rental vehicle insurance as an advantage, so check with your insurance company to see if spending for the rental automobile with your credit card will certainly likewise give you insurance protection. If you have several credit cards, consult each issuer to see which card will offer you the very best insurance coverage.
Consider a non-owner insurance policy. If you don’t possess an automobile but lease one often, think about purchasing a non-owner liability policy. It will cost a number of hundred dollars annually, however must be cheaper than paying the rental car company’s per-day expense if you lease an automobile commonly throughout the year.
Consider where you will certainly be driving. Insurance plan protection depends on where you are driving. For instance, your U.S.-issued individual auto policy could cover you in Canada, however not in Mexico or Europe. If you will be renting a car abroad, make certain to explore your insurance requires before your embark on your journey.
Don’t hesitate to ask concerns. If you choose that you have to buy insurance protection as part of your rental arrangement, make certain to discover whatever is consisted of in the protection. Read the contract before you sign it, and request explanation about anything you don’t understand. The basic rental policy is in fact a waiver called an accident damage waiver, optional car defense, or loss damage waiver. It shifts liability from you, the occupant, to the vehicle rental company. Nevertheless, keep in mind that the waiver can be voided under specific scenarios, such as driving unlawfully or unsafely. The rental contract should spell out these situations.