You should also check with your credit card company for the credit card that you will use to rent the car. If there are any gaps in the coverage of your personal auto policy, the credit card company may offer you secondary coverage. The first step is to review your car insurance policy or contact your provider to see what type of rental vehicle coverage is already included in your personal auto insurance policy. Then, you get a clipboard with an intimidating car rental contract full of confusing insurance options.
I've heard that there are certain types of insurance that I can afford to refuse when I need to rent a car. Read on to learn some basic facts about rental car insurance and whether or not you need additional coverage beyond your personal auto insurance policy. It should not be confused with rental reimbursement coverage, which is a supplement to the car insurance policy that offers reimbursement for a car rental in the event that the car is repaired due to a covered loss or accident. Rental car insurance is insurance that covers you when you rent a vehicle directly from a car rental company, such as Enterprise Rent-A-Car.
This is not an insurance product, but rather an exemption that transfers financial responsibility from you to the car rental company in the event of damage or theft. When you rent a car at the airport or another car rental agency, you will be asked if you want to add insurance to your rental or if you want to exempt it from insurance. Since rental car insurance isn't something most of us deal with on a daily basis, it's easy to get confused or overwhelmed when presented with the option of this type of coverage. It seems like I need to review car insurance policies and see which one would best complement rental car insurance.
In most cases, collision damage exemptions also offer “loss of use” coverage if the car rental company charges for the time a damaged car cannot be used because it is being repaired. Or, if you're looking for a new car policy, compare car insurance and find out why GEICO is the right choice. However, the place where you rent the car will most likely have insurance for your belongings. It seems that this is often not the case, if not, then you have the option of buying rental insurance at the car rental location.