If your vacation includes renting a car, there are certain things you should know before investing in a rental car insurance policy.
Using Rental Company’s Insurance
Rental companies will typically offer an insurance policy when renting one of their vehicles and often includes the following:
- Liability- This coverage is usually a low figure, and only offers the minimum amount required by the state for liability insurance.
- Loss Damage Waiver- This coverage will relieve you of responsibility in the event the car is damaged or stolen. This is usually voided if the damage is a result of speeding or driving under the influence.
- Personal Accident Insurance- This will cover any medical bills for injuries that are sustained by the driver, as well as any passengers that are involved in a car accident.
- Personal Effects Coverage- This policy protects you in the event any items are stolen from your rental car.
Other Insurance Options
Do you own a car and have an insurance policy on it? If so, the coverage and deductibles you have on your own car may possibly apply to your rental as well. This will make rental car insurance an unnecessary expense, duplicating coverage.
Not only does your standard auto policy include liability, but it will usually include cover medical expenses. Your comprehensive coverage usually covers rental car damage as well. Also, your homeowner’s or renter’s policy will often include protection against theft, even while you are away from home.
If you need help with any of your insurance needs, including auto policies, contact Brazelton Insurance Group today!