Doesn’t it seem confusing sometimes just to get yourself a rental car? There seems to be so much paperwork therefore many decisions to make.
For example, should you get the collision damage waiver or not? In the event you buy additional insurance coverage from the automobile rental company?
If you have ever watched people at the rental car counter, you know these are questions that a lot of people struggle with. Sometimes it is possible to decline additional insurance on car rentals, but there are particular instances that you need to always buy the insurance. But how will you know?
One of the biggest areas of confusion is the Collision Damage Waiver (CDW) provided by the car rental company at the time of rental. It covers damage to the rental car when you are involved in 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 accidental injury. If CDW is purchased, the car rental company waives some or most of its to gain from you for physical damages to the car.
So should you purchase the CDW the car rental agency pushes at you? Experts say that most people don’t require it but purchase it anyway. This can be a very costly mistake!
You can save yourself a lot of hassle and unnecessary cost by doing three things. First, check your personal car insurance to see what coverage carries to rental cars. Second, see if supercar rental miami are using offers any coverage for renting. And finally, check the options the car rental agency offers in its policies.
Many auto insurance policies include all-inclusive and collision coverage to damages to rental cars. There is absolutely no sense paying for more if your policy includes this coverage, right? Just verify the details with your insurance professional before you decline the automobile rental company’s additional insurance options.
Typical auto insurance policies provide liability coverage that extends to car rentals. In the event that you injure someone in an accident while driving accommodations car, your policy will most likely cover you. If your car insurance policy will not provide these coverages if you are driving car rentals, be sure to purchase additional insurance from the car rental company to protect yourself.
In addition, many bank cards offer coverage for rental cars. If your credit card includes coverage for car rentals that have been damaged in an accident, you don’t need to buy any other additional insurance coverage the car rental company offers you.
Finally, browse the car rental policy carefully and decide whether or not your car insurance or charge card covers you. Then discuss the car rental’s coverage with the agent. Always make the best decision. Don’t give into pressure by the automobile rental agent.
Deciding whether or not to cover additional insurance coverage the automobile rental companies offer could be a tough decision. Consult with your credit cards and existing car insurance policy to see if they provide rental car provisions, and if they don’t, you’d better consider spending the extra money for additional insurance for your own protection.