Doesn’t it seem confusing sometimes merely to get yourself a rental car? There seems to be so much paperwork therefore many decisions to make.
For example, should you get the collision damage waiver or not? In the event you buy additional insurance coverage from the car rental company?
If you have ever watched people at the rental car counter, you know these are questions that a lot of 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 areas of confusion may be the Collision Damage Waiver (CDW) provided by the car rental company at the time of rental. It covers harm to the rental car if you are involved in an accident.
The CDW isn’t exactly insurance, and it only covers only damage to the rental car. It generally does not cover property damage or accidental injury. If CDW is purchased, the automobile rental company waives some or most of its right to gain from you for physical damages to the automobile.
So should you purchase the CDW the automobile rental agency pushes at you? Experts say that a lot of people don’t need it but purchase it anyway. It is a very costly mistake!
You can save yourself a lot of hassle and unnecessary cost by doing three things. First, check your personal car insurance to see what coverage carries over to rental cars. Second, see if the credit card you’re using offers any coverage for renting. And lastly, check the options the automobile rental agency offers in its own policies.
Many auto insurance policies include all-inclusive and collision coverage to damages to rental cars. There is no sense spending money on more if your policy includes this coverage, right? Just verify the facts with your insurance agent before you decline the automobile rental company’s additional insurance options.
Typical auto insurance policies provide liability coverage that extends to car rentals. If you injure someone within an accident while driving accommodations car, your policy will often cover you. If your vehicle insurance policy does not provide these coverages if you are driving car rentals, make sure to purchase additional insurance from the car 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 plan the car rental company offers you.
Finally, browse the car rental policy carefully and decide whether or not your car insurance or credit card covers you. Then discuss luxury car rentals miami with the agent. Always make the best decision. Don’t give into pressure by the automobile rental agent.
Deciding whether or not to pay for additional insurance coverage the automobile rental companies offer could be a tough decision. Check with your credit cards and existing car insurance policy to see if they provide rental car provisions, and if they don’t, you’d better consider spending the excess money for additional insurance on your own protection.