November 18, 2011
Do I Want Rental Vehicle Insurance coverage?
If you’re traveling on holiday, for small business or truly anywhere by plane, you are going to need to have to rent a auto. Just about every time you rent a automobile you happen to be asked the query “do you want rental auto insurance coverage?” and just about every time I bet you do not know irrespective of whether you need to have it or not. If you do go ahead and get the insurance coverage, it will add an more couple hundred bucks to the bill. Do you definitely have to have it or does your regular auto insurance cover you when you drive a rental car or truck?
The finest way to know for positive what your insurance policy covers is to call up your insurance agent and ask. Or better however, dig out your policy and read the fine print. Some insurance coverage policies only cover a rental car if your vehicle is in for repairs and that rental auto is a substitute automobile. Other insurance coverage policies may cover the rental auto under an ‘other vehicles covered’ section of the policy.
There is confusion even among agents as to whether or not a rental is covered under a typical insurance policy. I contacted a single agent that mentioned insurance coverage will not cover a driver in each automobile unless of course you have a non owner’s policy. I contacted a different insurance coverage that mentioned insurance only covers the car, not the driver and the insurance coverage will extend to the rental car or truck only if you have complete and collision coverage. But if you only carry liability insurance coverage then the coverage will not extend and you want to get supplemental coverage from the rental agency.
A third insurance agent told me that you should always get insurance coverage from the rental agency unless you know without having a doubt that your automobile insurance policy has a loss of use clause. This indicates that if you do wreck the rental and it cannot be rented when it is getting repaired, the rental company will charge you for those days. However, if you get their insurance coverage they won’t charge you. Couple of automobile insurance coverage businesses offer the loss of use coverage although.
A final answer from a fourth insurance agent says that car insurance will comply with the driver if there is no other insurance coverage on the car and it is technically named ‘excess’. Your present vehicle insurance coverage will cover the elements that the car’s insurance doesn’t cover up to your policy limits. You have to have collision and extensive coverage to have comp/coll on the rental. Your deductible will apply if you get in a wreck.
Please read our another article:Tires Are To Cars Like Shoes To People They Are.
