Is the extra insurance on vehicle rentals really called for?
I never opt for it (because I have full coverage on my own car), but then carry nervous and regret it (even though nothing have ever happened). They seem to try to scare you into it. Does anyone REALLY know if it is needed?
Answers:
I would ask your insurance agent. They can tell you if your current full coverage insurance covers you while driving a rental car.
Many times your full coverage insurance will cover you while driving a rental. However, the extent of the coverage can change between insurance companies and policies. Your insurance agent will be able to explain the details.
You should check your personal coverage on your auto insurance to see if your coverage specifically extends to a rental motor and to what extent you are covered.
If you have liability insurance you are covered, but only for liability. Liability insurance covers the renter and passenger but not the rental vehicle itself. Liability insurance covers you in whatever vehicle you drive, This includes personal coverage for you while you are within a rental car. Your insurance company will cover any damages you cause to anyone else (property and injury), up to the minimum decriminalized limits required by law or the ends on your policy, if different.
What you want to check is to see if you are covered in any way for bring down to the rental car itself. Talk to your insurance agent. The same coverage and deductibles you carry on your sports car may apply — in most cases — to a vehicle you rent. Be careful. If your policy provides minimum coverage, you may requirement to calculate the value of the loss or twist of a vehicle like the rental car and resolve if you need to supplement it. Your personal insurance may only provide a coverage control equal to the value of your own vehicle. If the value of your personal vehicle is smaller amount than that of the rental vehicle, you could still incur some damage responsibility.
If you decline LDW at the rental counter and rely on your personal coverages, remember, you probably would be responsible for paying your usual deductible. Also, a loss-of-use fee is not in general covered by personal auto insurance policies. (Loss of use is a fee charged by the car rental companies for every time that their vehicle is in repair and can't be rented).
You should also check with your credit card issuer to see if you own any insurance coverage for the rental when you use that card.
If you feel you are not adequately covered for the rental vehicle, in case of sabotage or theft, through your own insurance or your credit card - you may want to purchase the optional loss smash up waiver that is sold by the car rental company. Source(s): http://www.best-car-rental-tips.com/rent…
Yes, extra insurance on car rentals is really needed. Source(s): http://www.autoinsuranceselect.com/article-239/do_you_need_auto_insurance_for_rented_cars/
It's with the sole purpose REALLY needed if you do not have coverage on your personal auto policy that will extend to the rental car. If you do not hold coverage on your own car you cannot get a rental vehicle. It's always best to use your own insurance company anyway, if you're in an stroke of luck in the rental car and you use their provided insurance next they'll take forever fixing the car and charge you for their loss of use of the vehicle. But yes it's REALLY needed if you don't enjoy insurance Source(s): Insurance Agent
Trixie, There are lots of places where you can get an online quote. http://www.goodinternetdeals.com/Auto-Insurance.html It solitary takes roughly 10 minutes to do.
It is a good belief if you can afford it. I was renting a car and the counter character explained it to me, I reluctantly got the additional insurance, an hour or so after that a rock hit my windshield, a small crack, expanded from the top to bottom. Had I not gotten the ins. My insurance would have paid for it after my deductible,which is $250. out of my pocket.
It is a crapshoot back. Source(s): I have had a positive experience beside the additional insurance.
1st of adjectives to transfer your insuance to the rental your need to own the specific coverage for that. You need full coverage and an endorsement that is to say called OPCF27. This covers for physical damages only on the rental vehicle.
2nd If you verbs your insurance to the rental vehicle and damages araises then you are liable for those damages. You would need to put a claim thru your insurance which method that once a claim is put in your insurance rating/rate will increase.
3rd. Your best bet it to go next to the rental company insurance. The reason is if you total that vehicle and you paid for the rental comp insurance, you only just need to give them stern the keys and they deal next to everything. This will not affect your insurance what so ever.
Pay the extra 20$ per day that the rental company charges you wont regret it when something does happen. Source(s): Registered Insurance Broker and X superintendent for major rental car company
It is extra. Whenever you rent a vehicle your full coverage carries over to the rental. This is a scam and this is how rental companies make their money. Don't ever buy it, I never enjoy. Source(s): Licensed Agent
Whatever coverage (liability, medical, uninsured, comp/collision) you have on your personal coupé carries over to the rental. If you take the rental coverage, you're really paying twice, and the rental companies love it--it's almost free money! Source(s): 30 years as an agent
Yes its needed, if you wreck the car, you simply bought it...
Full coverage on your motor doesn't necessarily cover any other car (including rental cars) that you drive.
The rental comes with uncomplicated insurance that cover things that aren't your fault. Think of the extra insurance as collision that will cover things that are your fault.
Needed? No. Good opinion? Sometimes. Check with your own insurance to see if you can get rental coverage cheaper.
Related Questions:
Answers:
I would ask your insurance agent. They can tell you if your current full coverage insurance covers you while driving a rental car.
Many times your full coverage insurance will cover you while driving a rental. However, the extent of the coverage can change between insurance companies and policies. Your insurance agent will be able to explain the details.
You should check your personal coverage on your auto insurance to see if your coverage specifically extends to a rental motor and to what extent you are covered.
If you have liability insurance you are covered, but only for liability. Liability insurance covers the renter and passenger but not the rental vehicle itself. Liability insurance covers you in whatever vehicle you drive, This includes personal coverage for you while you are within a rental car. Your insurance company will cover any damages you cause to anyone else (property and injury), up to the minimum decriminalized limits required by law or the ends on your policy, if different.
What you want to check is to see if you are covered in any way for bring down to the rental car itself. Talk to your insurance agent. The same coverage and deductibles you carry on your sports car may apply — in most cases — to a vehicle you rent. Be careful. If your policy provides minimum coverage, you may requirement to calculate the value of the loss or twist of a vehicle like the rental car and resolve if you need to supplement it. Your personal insurance may only provide a coverage control equal to the value of your own vehicle. If the value of your personal vehicle is smaller amount than that of the rental vehicle, you could still incur some damage responsibility.
If you decline LDW at the rental counter and rely on your personal coverages, remember, you probably would be responsible for paying your usual deductible. Also, a loss-of-use fee is not in general covered by personal auto insurance policies. (Loss of use is a fee charged by the car rental companies for every time that their vehicle is in repair and can't be rented).
You should also check with your credit card issuer to see if you own any insurance coverage for the rental when you use that card.
If you feel you are not adequately covered for the rental vehicle, in case of sabotage or theft, through your own insurance or your credit card - you may want to purchase the optional loss smash up waiver that is sold by the car rental company. Source(s): http://www.best-car-rental-tips.com/rent…
Yes, extra insurance on car rentals is really needed. Source(s): http://www.autoinsuranceselect.com/article-239/do_you_need_auto_insurance_for_rented_cars/
It's with the sole purpose REALLY needed if you do not have coverage on your personal auto policy that will extend to the rental car. If you do not hold coverage on your own car you cannot get a rental vehicle. It's always best to use your own insurance company anyway, if you're in an stroke of luck in the rental car and you use their provided insurance next they'll take forever fixing the car and charge you for their loss of use of the vehicle. But yes it's REALLY needed if you don't enjoy insurance Source(s): Insurance Agent
Trixie, There are lots of places where you can get an online quote. http://www.goodinternetdeals.com/Auto-Insurance.html It solitary takes roughly 10 minutes to do.
It is a good belief if you can afford it. I was renting a car and the counter character explained it to me, I reluctantly got the additional insurance, an hour or so after that a rock hit my windshield, a small crack, expanded from the top to bottom. Had I not gotten the ins. My insurance would have paid for it after my deductible,which is $250. out of my pocket.
It is a crapshoot back. Source(s): I have had a positive experience beside the additional insurance.
1st of adjectives to transfer your insuance to the rental your need to own the specific coverage for that. You need full coverage and an endorsement that is to say called OPCF27. This covers for physical damages only on the rental vehicle.
2nd If you verbs your insurance to the rental vehicle and damages araises then you are liable for those damages. You would need to put a claim thru your insurance which method that once a claim is put in your insurance rating/rate will increase.
3rd. Your best bet it to go next to the rental company insurance. The reason is if you total that vehicle and you paid for the rental comp insurance, you only just need to give them stern the keys and they deal next to everything. This will not affect your insurance what so ever.
Pay the extra 20$ per day that the rental company charges you wont regret it when something does happen. Source(s): Registered Insurance Broker and X superintendent for major rental car company
It is extra. Whenever you rent a vehicle your full coverage carries over to the rental. This is a scam and this is how rental companies make their money. Don't ever buy it, I never enjoy. Source(s): Licensed Agent
Whatever coverage (liability, medical, uninsured, comp/collision) you have on your personal coupé carries over to the rental. If you take the rental coverage, you're really paying twice, and the rental companies love it--it's almost free money! Source(s): 30 years as an agent
Yes its needed, if you wreck the car, you simply bought it...
Full coverage on your motor doesn't necessarily cover any other car (including rental cars) that you drive.
The rental comes with uncomplicated insurance that cover things that aren't your fault. Think of the extra insurance as collision that will cover things that are your fault.
Needed? No. Good opinion? Sometimes. Check with your own insurance to see if you can get rental coverage cheaper.
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