LOS ANGELES, Nov. 28, 2020 /PRNewswire-PRWeb/ -- Driving
a rental car without the proper insurance can be risky. If the
vehicle is stolen or totaled, the driver can end up buying the
rental car company a new car to replace it. Rental car insurance
covers loss, damage, and liability expenses that drivers incur
while driving a rental car. Just like ordinary car insurance
policies, rental car insurance is actually a bundle of different
coverage options that kick in under varying circumstances.
When looking for rental car insurance, drivers can choose from
the following types of coverage:
- Collision. It protects the driver if they drive the rental car
into something or if something else crashes into the vehicle. When
a driver arrives at the rental dealership's customer service
counter, he will certainly get a loss damage waiver for the
vehicle. This is not true collision coverage, but a promise that if
the rental car is damaged or stolen the rental car company will not
require the driver to cover replacement or repair expenses.
- Liability. This coverage helps with expenses related to
damaging other vehicles, property, or people. Being involved in an
at-fault accident in a rental vehicle means that collision coverage
will pay to repair the rental vehicle, while liability coverage
will pay to repair the other vehicle.
- Personal effects. This type of insurance is used to cover the
cost of replacing any personal items damaged in an accident or
stolen from the rental vehicle.
- Personal accident. This coverage will pay for the medical
expenses if the driver of a rental car is involved in a car
accident. Also, most personal accident coverage extends to the
passengers of the rental vehicle.
To get rental car insurance, drivers can go to the following
types of providers:
- Rental car dealerships. The easiest way for a driver to get
rental insurance is to get one when he gets a rental car. In most
cases, the person renting the driver a vehicle will likely push
their particular brand of insurance.
- Credit card companies. Most major credit card companies
automatically provide rental car insurance coverage, so long as the
driver uses the card to pay for the rental car. However, this is
secondary coverage that will kick in after the primary rental
coverage is exhausted. A few credit cards do offer primary rental
car coverage, in which case the credit card company's insurance
will be used first. American Express, Visa, and Mastercard offer
free rental car insurance.
- Car insurance companies. Most insurance policies extend
coverage to rented vehicles. However, there are some limitations. A
personal car insurance policy on a personal vehicle will also cover
any rental car used for personal activities, but not rentals used
for business purposes. Also, in many cases, coverage is limited to
domestic trips only.
- Private providers. Some companies sell rental insurance
policies that include special options, or offer coverage similar to
that of rental car company policies but at a lower cost. The
biggest benefit of using a private insurer instead of the personal
car insurance policy is that drivers don't need to worry about
their insurance premiums going up if they have an accident in a
rental car. Allianz and Bonzah are some of the companies that sell
rental car insurance.
For additional info, money-saving tips, and free car insurance
quotes, visit https://compare-autoinsurance.org/
Compare-autoinsurance.org is an online provider of life, home,
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customers have access to quotes for insurance plans from various
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SOURCE Compare-autoinsurance.org