Doesn’t it seem confusing sometimes just to acquire a rental car? There appears to be so much paperwork and so many decisions to make.
Like, should you get the collision damage waiver or not? Should you get additional insurance coverage from the vehicle rental company?
If you’ve ever watched people at the rental car counter, you understand they’re questions that most people struggle with. Sometimes you can decline additional insurance on car rentals, but you will find specific instances that you should always purchase the insurance. But how do you know?
Among the biggest areas of confusion is the Collision Damage Waiver (CDW) made available from the vehicle rental company at the time of rental. It covers damage to the rental car if you’re associated with an accident.
The CDW isn’t exactly insurance, and it only covers only damage to the rental car. It doesn’t cover property damage or personal injury. If CDW is purchased, car rental in kelambakkam the vehicle rental company waives some or each of its right to gain from you for physical damages to the car.
So should you acquire the CDW the vehicle rental agency pushes at you? Experts say that most people don’t need it but purchase it anyway. This can be a very costly mistake!
You are able to save yourself a lot of hassle and unnecessary cost by doing three things. First, check your personal car insurance coverage to see what coverage carries over to rental cars. Second, see if the bank card you’re using offers any coverage for renting. And finally, check the options the vehicle rental agency offers in a unique policies.
Many car insurance policies include all-inclusive and collision coverage to damages to rental cars. There is no sense investing in more if your policy includes this coverage, right? Just verify the details with your insurance agent when you decline the vehicle rental company’s additional insurance options.
Typical car insurance policies provide liability coverage that extends to car rentals. If you injure someone in an accident while driving a rental car, your policy will often cover you. If your car insurance coverage does not provide these coverages when you’re driving car rentals, be sure to purchase additional insurance from the vehicle rental company to safeguard yourself.
In addition, many bank cards offer coverage for rental cars. If your bank card includes coverage for car rentals which were damaged in an accident, that you don’t need to get some other additional insurance coverage the vehicle rental company offers you.
Finally, read the vehicle rental policy carefully and decide if your car insurance or bank card covers you. Then discuss the vehicle rental’s coverage with the agent. Always make an educated decision. Don’t give into pressure by the vehicle rental agent.
Deciding if to fund additional insurance coverage the vehicle rental companies offer can be a tough decision. Check with your bank cards and existing car insurance coverage to see if they supply rental car provisions, and if they do not, you’d better consider spending the additional money for extra insurance on your own protection.