There has been on going debates about the importance of taking rental insurance, when you are renting an automobile. Many believe that their own car insurance will cover them while they are driving a rental and other feel that the credit card they use to rent the car offers them protection. Somethings that you should take into consideration is that rental companies only push this rental insurance for two reasons; the first is so that they will make extra money on your rental and the second is so that the rental insurance will protect their car. In the end, their car is all that is important to them.
Outlined below, are some of the most commonly asked question in regards to taking out additional renters insurance. Before you rent your next vehicle you will want to take into account all the questions that are answered here. It may save you some money in the end!
Q: AM I COVERED UNDER MY OWN CAR INSURANCE, EVEN IF DRIVING A RENTAL CAR?
A: YES….Many insurance companies will still cover you when you are driving in a rental car. However, it is advisable that you contact your insurance company, prior to picking up your rental vehicle, just to make sure that is so. Otherwise you will not be completely confident that you will be covered and may spend money, on rental insurance from the rental company, you could have otherwise saved.
Q: WILL THE CREDIT CARD THAT I USED TO RENT THE CAR COVER ME FOR ANY DAMAGES?
A: Again the answer to this is most likely. Most major credit cards like Visa, American Express, and Master Card do offer you additional insurance protection when you charge your vehicle rental to your credit card. Again this is something that you can easily check into by calling the company in advance.
Q: IF I FIND OUT THAT I AM COVERED UNDER MY OWN CAR INSURANCE AND MY CREDIT CARD COMPANY SHOULD I STILL TAKE OUT THE CAR RENTAL INSURANCE?
A: NO, NO, NO….Although many companies will tell you that you are not covered under any insurance but theirs, this is absolutely not true. The truth is, the insurance coverage that is offered from a rental car company will provide you will no covers that you are not already be offered through your insurance and credit card companies.
It is important to determine whether or not you need to purchase this coverage before you show up to rent your next vehicle. Understanding that you are covered in other ways will make you feel more secure when refusing the rental agencies insurance coverage.
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