Doesn’t it seem confusing sometimes merely to get a rental car? There appears to be so much paperwork and so many decisions to make.
For example, should you get the collision damage waiver or not? Should you buy additional insurance coverage from the car rental company?
If you’ve ever watched people at the rental car counter, you understand these are questions that most people struggle with. Sometimes you can decline additional insurance on car rentals, but there are specific instances that you should always buy the insurance. But how will you know?
One of the biggest areas of confusion is the Collision Damage Waiver (CDW) offered by the car rental company at the time of rental. It covers harm to the rental car when you are involved in an accident.
The CDW isn’t exactly insurance, also it only covers only damage to the rental car. It generally does not cover property damage or accidental injury. If luxury car hire is purchased, the car rental company waives some or most of its to gain from you for physical damages to the automobile.
So should you choose the CDW the automobile rental agency pushes at you? Experts say that most people don’t require it but purchase it anyway. It is a very costly mistake!
You can save yourself plenty of hassle and unnecessary cost by doing three things. First, check your personal car insurance policy to see what coverage carries over to rental cars. Second, see if the charge card you’re using offers any coverage for renting. And lastly, check the options the automobile rental agency offers in its policies.
Many car insurance policies include all-inclusive and collision coverage to damages to rental cars. There is absolutely no sense spending money on more if your policy includes this coverage, right? Just verify the facts with your insurance agent before you decline the car rental company’s additional insurance options.
Typical car insurance policies provide liability coverage that reaches car rentals. In the event that you injure someone within an accident while driving a rental car, your policy will often cover you. If your vehicle insurance policy does not provide these coverages while you are driving car rentals, make sure you purchase additional insurance from the car rental company to safeguard yourself.
In addition, many credit cards offer coverage for rental cars. If your charge card includes coverage for car rentals which have been damaged in an accident, you don’t have to buy any other additional insurance plan the car rental company gives you.
Finally, browse the car rental policy carefully and decide whether your car insurance or charge card covers you. Then discuss the automobile rental’s coverage with the agent. Always make an informed decision. Don’t give into pressure by the automobile rental agent.
Deciding whether or not to pay for additional insurance coverage the car rental companies offer can be quite a tough decision. Check with your credit cards and existing car insurance policy to see should they provide rental car provisions, and when they don’t, you’d better consider spending the excess money for additional insurance for your own protection.