Doesn’t it seem confusing sometimes just to get a rental car? There appears to be so much paperwork and so many decisions to make.
For example, should you obtain the collision damage waiver or not? Should you buy additional insurance plan from the car rental company?
If you’ve ever watched people at the rental car counter, you know these are questions that most people struggle with. Sometimes it is possible to decline additional insurance on car rentals, but there are specific instances that you should always buy the insurance. But how will you know?
One of the biggest regions of confusion is the Collision Damage Waiver (CDW) provided by the car rental company at the time of rental. It covers damage to the rental car when you are involved in an accident.
The CDW isn’t exactly insurance, and it only covers only harm to the rental car. It generally does not cover property damage or accidental injury. If CDW is purchased, the car rental company waives some or most of its right to gain from you for physical damages to the car.
So should you purchase the CDW the automobile rental agency pushes at you? Experts say that most people don’t need it but purchase it anyway. This is the very costly mistake!
weeding car hire can save yourself a lot of hassle and unnecessary cost by doing three things. First, check your personal car insurance policy to see what coverage carries to rental cars. Second, see if the charge card you are using offers any coverage for renting. And lastly, check the options the automobile rental agency offers in its own policies.
Many car insurance policies include all-inclusive and collision coverage to damages to rental cars. There is absolutely no sense paying for more if your policy includes this coverage, right? Just verify the details with your insurance agent before you decline the car rental company’s additional insurance options.
Typical auto insurance policies provide liability coverage that reaches car rentals. In the event that you injure someone in an accident while driving accommodations car, your policy will most likely cover you. If your vehicle insurance policy does not provide these coverages while you are driving car rentals, make sure you purchase additional insurance from the automobile rental company to protect yourself.
In addition, many credit cards offer coverage for rental cars. If your charge card includes coverage for car rentals which have been damaged in an accident, you don’t have to buy any other additional insurance coverage the car rental company offers you.
Finally, read the car rental policy carefully and decide whether or not your car insurance or credit card covers you. Then discuss the car rental’s coverage with the agent. Always make the best decision. Don’t give into pressure by the car rental agent.
Deciding whether or not to pay for additional insurance coverage the automobile rental companies offer can be quite a tough decision. Check with your credit cards and existing car insurance policy to see should they provide rental car provisions, and if they don’t, you’d better consider spending the extra money for additional insurance for your own protection.
