Insurance
Renting a car doesn’t have to be a daunting experience, it is an easy way to get around and allows you the freedom to go where ever you choose. By law you need insurance. In case of theft or accidents, or any other damages that might occur, you know that you are covered. Amongst other things this helps give you peace of mind.
You will not able to rent a car without the relevant insurance. In most places you need insurance by law to be able to drive any vehicle, whether it is rented or your own. The insurance will cover against a number of things, accidents, theft, possibly weather related damage and others. Rental companies will offer a range of insurance options so it is best to consider what you need before renting a vehicle.
Think about the terrain you will be driving on and the likely weather conditions, where you will parking the car to help you make a decision on what kind of insurance you will require. It can be confusing as to what you need and what you don’t need.
You will not able to rent a car without the relevant insurance. In most places you need insurance by law to be able to drive any vehicle, whether it is rented or your own. The insurance will cover against a number of things, accidents, theft, possibly weather related damage and others. Rental companies will offer a range of insurance options so it is best to consider what you need before renting a vehicle.
Think about the terrain you will be driving on and the likely weather conditions, where you will parking the car to help you make a decision on what kind of insurance you will require. It can be confusing as to what you need and what you don’t need.
Some very useful Rental Car Tips
If you drive a car at home, the first thing to do would be to check what your insurance already covers. They will have details of what you are covered for when you rent a car. If renting a car abroad you may not be covered so check what the details of your insurance are before buying any additional insurance.
Also, check whether your insurance covers other drivers, this is extremely important if you will be sharing the driving with other drivers. This might be an extra cost you have to consider.
“…Rental auto insurance is actually compulsory from rent-a-car companies, whether you rent the car for short or long period. It's a fact that car rental insurance is important; otherwise, who would pay for the damages when the car meets accidents…?”
If you are in any doubt, talk to your insurance company to make sure you have the details. This can save you money if you are already covered for some parts of the insurance required for rental cars. One example of this is acts of nature.
Did you know that there are some major rentals companies which do not provide cover for the car for acts of nature…?
However, it may be covered on your home policy. Acts of nature will include hail storms, earthquakes, tornados, flood and anything else nature related. Also theft may be covered in your home policy, as well as the rental one.
Is it Necessary to Buy Rental Car Insurance Even Though You Have Car Insurance Policy?
An insurance charge that is always a good idea to pay for is the collision damage waiver. This is the cost of damages if involved in an accident. It covers the ‘loss of use’ charge as well.
Loss of use means that if the car is written off or damaged, it will have to be off-road. When a rental vehicle is off-road for any amount of time, the rental car company loses money every day the car is out of action.
If you do not pay this charge and have such an accident the rental company will probably expect payment immediately and you will have to cover it on your own.
There are two main types of insurance:
The first type of insurance will involve a replacement vehicle if the car is written off in an accident. The rental company will receive a new car paid for by the insurance company.
This insurance also prevents the owner being liable for damages, for example, the loss of the driver’s personal possessions, or if the driver has sustained any injuries through the accident.
The second type of insurance protects the driver from events that happen that are not in the drivers control, like theft or vandalism.
Remember, it is you, the customer, who is responsible for knowing what insurance you are covered for.
Also, check whether your insurance covers other drivers, this is extremely important if you will be sharing the driving with other drivers. This might be an extra cost you have to consider.
“…Rental auto insurance is actually compulsory from rent-a-car companies, whether you rent the car for short or long period. It's a fact that car rental insurance is important; otherwise, who would pay for the damages when the car meets accidents…?”
If you are in any doubt, talk to your insurance company to make sure you have the details. This can save you money if you are already covered for some parts of the insurance required for rental cars. One example of this is acts of nature.
Did you know that there are some major rentals companies which do not provide cover for the car for acts of nature…?
However, it may be covered on your home policy. Acts of nature will include hail storms, earthquakes, tornados, flood and anything else nature related. Also theft may be covered in your home policy, as well as the rental one.
Is it Necessary to Buy Rental Car Insurance Even Though You Have Car Insurance Policy?
An insurance charge that is always a good idea to pay for is the collision damage waiver. This is the cost of damages if involved in an accident. It covers the ‘loss of use’ charge as well.
Loss of use means that if the car is written off or damaged, it will have to be off-road. When a rental vehicle is off-road for any amount of time, the rental car company loses money every day the car is out of action.
If you do not pay this charge and have such an accident the rental company will probably expect payment immediately and you will have to cover it on your own.
There are two main types of insurance:
- One protects the owner of the car, this being the rental company.
- The other protects the driver or drivers of the vehicle.
The first type of insurance will involve a replacement vehicle if the car is written off in an accident. The rental company will receive a new car paid for by the insurance company.
This insurance also prevents the owner being liable for damages, for example, the loss of the driver’s personal possessions, or if the driver has sustained any injuries through the accident.
The second type of insurance protects the driver from events that happen that are not in the drivers control, like theft or vandalism.
Remember, it is you, the customer, who is responsible for knowing what insurance you are covered for.