Is it completely important to buy insurance when renting a sports car?
I am renting a car for 5 days. I'm not sure if my own personal car insurance covers for a rental, but I'm pretty sure it doesn't. Its almost $100 for the insurance that they extend! Seems like a trap. Is it absolutely vital to purchase it? Thanks
Answers:
Not it's superfluous if you have the cash to replace the motor and the pay the lost revenue to the rental company, or if you have a crystal orb and can see into the future and somehow know that you will not put a mark, dent or score on it while you're driving it. Personally, that isn't a risk I'm willing to take. I other buy their coverage. That $15/day could be the best money you ever spent.
Call your insurance provider. Most will cover rentals for up to a certain amount, regardless if you obligation it for an emergency (your regular car was totalled and contained by the shop for repairs) or if you're using it to get around another town (on business or pleasure trip). It varies from company to company, and what quality of policy (how much coverage) you have. For example, with Geico if you enjoy comprehension and collision coverage on your policy, they will normally transfer to the rental, if you're using a rental to temporarily replace your own vehicle, while it is within the shop for repairs.
You can buy the rental company's insurance, but it's not always necessary. Their insurance really covers them more than it does you.
Check with your insurance agent first to see if your policy covers you in a rental motor.
*****No, it is NOT necessary. Your current insurance policy should cover you in the event of a problem. This is simply an addition sale for the rental company.
If it were a neccesary requirement, they would not confer you a choice. You would have to take this insurance if they have no coverage!
It depends on your personal car insurance (for the car you drive at home). Most auto insurance packages will cover you even if you're driving another saloon. Ask your insurance agent if yours does.
Even if your personal auto insurance covers you in a rental car, if you go and get in an accident you'll still own to pay the deductible.
It's really a crap shoot. If you're a careful driver you *probably* won't procure into an accident, but if you do and someone's hurt...
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Answers:
Not it's superfluous if you have the cash to replace the motor and the pay the lost revenue to the rental company, or if you have a crystal orb and can see into the future and somehow know that you will not put a mark, dent or score on it while you're driving it. Personally, that isn't a risk I'm willing to take. I other buy their coverage. That $15/day could be the best money you ever spent.
Call your insurance provider. Most will cover rentals for up to a certain amount, regardless if you obligation it for an emergency (your regular car was totalled and contained by the shop for repairs) or if you're using it to get around another town (on business or pleasure trip). It varies from company to company, and what quality of policy (how much coverage) you have. For example, with Geico if you enjoy comprehension and collision coverage on your policy, they will normally transfer to the rental, if you're using a rental to temporarily replace your own vehicle, while it is within the shop for repairs.
You can buy the rental company's insurance, but it's not always necessary. Their insurance really covers them more than it does you.
Check with your insurance agent first to see if your policy covers you in a rental motor.
*****No, it is NOT necessary. Your current insurance policy should cover you in the event of a problem. This is simply an addition sale for the rental company.
If it were a neccesary requirement, they would not confer you a choice. You would have to take this insurance if they have no coverage!
It depends on your personal car insurance (for the car you drive at home). Most auto insurance packages will cover you even if you're driving another saloon. Ask your insurance agent if yours does.
Even if your personal auto insurance covers you in a rental car, if you go and get in an accident you'll still own to pay the deductible.
It's really a crap shoot. If you're a careful driver you *probably* won't procure into an accident, but if you do and someone's hurt...
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