Are you wondering, the next time you rent a car, whether or not you should purchase extra rental car insurance?
When it comes to the extra insurance offered by a rental car company, you likely fall under one of two categories:
- Extra insurance is nothing more than a needless expense.
- Extra insurance is something you know you better get because luck is seldom on your side.
When deciding whether or not to purchase extra rental car insurance, before you rent the car, take a look at your policy. For your personal automobile insurance, review the kind of coverage you already have. Coverage may extend to a rental car if your insurance has been designed to include it. You’re already paying for coverage of a rented vehicle, so why duplicate that by purchasing extra rental car insurance?
Insurance Policies Covering Rental Cars
More likely than not, you have liability covered by your insurance policy. You may also have collision and comprehensive. For any vehicle you rent, your coverage may well extend as long as you are using the rental for personal use and/or driving it. Your personal policy’s deductibles and coverage limits should also apply to rental vehicles.
Is Extra Rental Car Insurance Ever a Good Option?
Before you hit the road in that rental, you may need to purchase the rental company’s liability coverage if you don’t already have car insurance. In most states, drivers are required to have liability coverage at the very least.
It’s worth considering the extra rental insurance provided by the rental company in the following scenarios:
- You’re traveling abroad (check with your insurance company about this).
- You don’t want to take the chance that you’ll have to pay a high deductible.
- You have insurance, but it’s commercial.
- Collision and comprehensive coverage aren’t on your current policy.
What’s Offered by Car Rental Companies?
Typically, four sections are included in the extra insurance offered by rental companies including the following:
- Personal accident coverage
- Personal effects coverage
- Collision/loss damage waiver
- Liability coverage
In some cases, secondary insurance for a rental vehicle may be offered by the credit card to which you’re charging the rental cost (in addition to the car insurance policy you already have). However, certain vehicles may be excluded including motorcycles, trucks, motorhomes, and luxury vehicles.
Regardless of the above-stated information, to make absolutely sure your automobile insurance policy covers rental vehicles, check with your insurance representative before you rent or purchase the extra insurance offered by the rental company.
Whenever You Need Car Insurance – Turn to K&N Insurance Brokerage
Do you rent vehicles frequently? If so, you probably want an insurance company that’s going to provide the coverage you need for both your personal and rental vehicles. You’ll also want to get insurance at an affordable rate. We can help at K&N Insurance Brokerage. We offer superior customer support, unrivaled knowledge, we are efficient, and we’re fast.
Before you rent that next vehicle, call us at (866-643-1567) or visit our website to get exclusive discounts and rates.