So you just bought a car, it is common knowledge that when you purchase a car you must also purchase car insurance. What about for rental cars? Does your insurance cover that? What kind of insurance would you need for a situation like that?
There are plenty of ways to ensure that you are covered for these situations. If you have car insurance already, there is a good chance that you also already have liability insurance. This would cover you for when you need to rent a car.
This coverage will cover any injuries if there were to be any. This coverage will come from your personal policy and not the one that Rental Company will offer you. Just be sure to confirm with your insurance agent that this is included in your policy.
Just in case there is a collision, it would be smart to purchase the collision coverage offered by the rental company. The risk reward situation here makes it definitely worth protecting yourself. Just a few dollars can potentially save you thousands or more down the line.
This insurance will cost between $10 and $20 per day, but it will save you in the long run from having to pay for any damages accrued while you were driving the car.
If you choose not to accept this insurance, you may be stuck paying for repairs for damages to the car that happened while you were driving it. It is very likely that your regular insurance company won’t pay for the damages.
One way to protect yourself from other fees from damages is to pay by credit card. Believe it or not, there are credit card companies that will offer insurance for collision and theft when you rent a car. Just be sure to confirm that with your card company.
This coverage however, will not cover any damages to you or other people involved.
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