Auto insurance is a form of coverage that protects you against financial loss if your car is lost, damaged, or stolen. There are different types of auto insurance policies to consider. If you are considering renting a car while you are on vacation or while your daily vehicle is being repaired, you may want to purchase additional coverage over and above what the rental car insurance offers.
Does Your Auto Insurance Cover Rental Cars?
If you are renting a car because your vehicle has been wrecked or is in the shop, your auto insurance may cover the cost of the rental. If you are renting a car while on vacation, your insurance policy may cover you if that benefit has been included in your policy. Comprehensive auto insurance will normally cover a rental car if your personal car is damaged, but it may not cover damages to the rental if you are in an accident. Your agent can provide you with a policy that you can rely on to cover irrespective of the vehicle you are driving.
What Does a Typical Rental Car Insurance Policy Cover?
Rental car insurance can be confusing, especially when they start listing off what it does and does not cover. Most rental car insurance policies will cover several things. This can include:
- Liability coverage
- Personal effects coverage
- Personal accident insurance
- CDW or Collision Damage Waiver
It’s important to read the fine print before signing on the dotted line. If you see something you don’t understand, ask questions. Know what is covered and what is not before you leave the rental agency. All car insurance policies, rental or otherwise, must meet the state-mandated, minimum requirements. Even though a rental car policy may meet the state’s requirements, you should check carefully to make sure you are comfortable with the limits.
Why Should You Consider Purchasing Additional Insurance?
While it’s fine to purchase a policy from the rental agency, the coverage is often more expensive and covers less than what your normal policy covers. If you are unsure if the coverage is sufficient, purchase coverage through your own provider. You may be surprised to discover that your insurance policy extends to rental cars giving you the additional coverage you want. Talking to your insurance agent first may give you a little insight on what to ask the rental car agency and what you should look for in their policies.
When you have questions about rental car insurance, call your agent. Get the answers you need before you go to the rental car lot. Car insurance is not something you should ever leave to chance. Find a reputable agent you trust to give you sound advice when it comes to all of your insurance needs. If you have any questions about your auto insurance coverage, the experts at Gant Insurance Agency in McKinney, Texas are here to assist you. We will help you find the right coverage for your situation.
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