January 26, 2016 | Blog
If you’ve ever rented a car, you know they love to attempt to sell you insurance on the vehicles. Rental companies such as National, Avis, and Dollar make the majority of their money by charging fees for insuring vehicles. They typically offer various degrees of coverage for charges starting around $15/day. Many renters say yes to pay these fees because they’re perplexed, in a rush, or simply wish to play it safe and sound.
What many people don’t know is that they may already have sufficient coverage for rental vehicles through their own auto insurance policies and bank card services. Before you rent a car, it is imperative that you understand what occurs if you experience an accident while in possession of the rental car.
If involved in a crash with another vehicle while in a rental car, the auto insurance coverage of both individuals will typically handle the claim. Most car insurance liability, comprehensive, and collision coverages extend to vehicles the insured is driving, whether they are personally titled or not. You will probably be responsible for the deductible if you’re found at fault, just as you’d be under normal circumstances. Check your personal auto insurance policy to make certain your coverage always goes along with the driver.
When you rent a car, check out your auto insurance and method of payment to determine the extent of which you are covered for an accident. This will likely save time and hassle at the counter, as well as your hard-earned dollars while renting a car.