Rental car agencies have a menu of insurance
policies they would like to sell you. While each policy
could be of some benefit under the right circumstances,
you should review each plan (its provisions, limitations,
and exclusions) before making a purchase. It is a
good idea to request the detailed information from
an agent at the rental office, as most companies only
provide a summary on their Web sites.
Keep in mind; you may not need to
buy this additional car insurance because you have
auto insurance from your own car insurance company.
Generally speaking, when you rent a car, the liability
coverage limits you have in your own auto insurance
policy remain in effect with the same limits. In addition,
the comprehensive and collision coverages you have
in your own auto insurance policy remain in effect
with the same deductibles. You do have comprehensive
and collision coverage don't you? See our article,
"How Much Car Insurance Should You Buy?"
for a listing of coverage types and definitions.
You may also have some kind of additional auto insurance
coverage through your credit card but it is important
that you check your credit card information for specific
details. Some cards only offer coverage if you rent
your car from a particular agency. Some limit the
days for which coverage is available. Some will only
provide coverage for certain types and/or classes
of cars. With some cards, the coverage is not automatic
and you must enroll in a program to get coverage.
Some cards that advertise automatic rental insurance
really only reimburse you for the deductible that
you would have to pay under your regular insurance
policy. Still others may provide only collision and
comprehensive coverage, leaving you exposed for personal
injury or property damage to others. Rental car agencies
typically offer liability coverage in two parts -
a supplemental liability policy protects against claims
from others and a Loss Damage Waiver (LDW) covers
the rental car. LDW is not technically insurance;
rather, it is a company's agreement not to hold the
consumer liable for loss from all or part of any damage
to merchandise.
Before you rent a vehicle, realize the charges you
could be responsible for and how these charges are
covered or not covered by both your own auto insurance
policy and the car insurance the rental company is
offering.
If you suffer a loss that is not covered under your
auto policy, check your other insurance policies.
For example, if personal property has been stolen
from your rental car, it may be covered under your
homeowners or renters policy. Similarly, certain medical
policies may cover costs of injuries not covered by
your car insurance policy.
As always, check with your insurance company to find
out exactly what is covered under your own auto insurance
policy.
Remember, for quick quotes and the easiest way to
buy car insurance on-line or over the phone, visit
us at
http://www.carinsurance.com
Article author:Tim Register
About the author:Tim Register is a representative
of
CarInsurance.com.
You can visit
CarInsurance.com
at
http://www.carinsurance.com
or contact them at 1-877-327-8728.
CarInsurance.com's
online insurance marketplace gives an opportunity
to consumers and to insurance companies. We offer
the ability to shop for car insurance online.
Consumers can receive quotes from many insurance companies,
in some states you are able to purchase your insurance
instantly, online. You don't have to drive your car
to buy car insurance. Buy online...anytime!
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