If you’ve ever rented a car, you probably know what rental insurance is and what it entails. There have been reports of salespersons using aggressive tactics to pressure customers into buying their company’s insurance. Their motivations (huge commissions) are not to be trusted.
If you fail to ask any questions about the coverage they want you to purchase, you might end up paying more than you should.
Here are a few things you should know:
[title_inner_large center=”0″]Rental Car Reimbursement Coverage[/title_inner_large]There’s a difference between rental car insurance and rental car reimbursement coverage.
If your personal car is sitting at a garage after an accident that severely damaged it, rental car reimbursement coverage would pay for a rental car until your car is back in shape.
Most insurance policies include rental car reimbursement coverage as part of their package. So it’s worth checking with your insurer before making any decisions. The coverage includes all costs including any extra charges for insurance.
[title_inner_large center=”0″]Accidents and Theft[/title_inner_large]Car rental services may also provide a Loss-Damage Waiver (LDW), also known as a Collision Damage Waiver (CDW).
Car theft is a serious problem in the U.S with research indicating that every 40 seconds a vehicle is reported stolen. For an extra charge, the rental company will guarantee that they won’t hold you liable in case of any accidents or car theft.
If you have a comprehensive insurance policy you’ll be covered automatically. But you’ll still have to pay the deductible amount. If your insurance policy doesn’t extend the benefits to a rental car, it’s a good idea to get a CDW provided by the rental company.
[title_inner_large center=”0″]Damage to Others[/title_inner_large]The car rental service may offer you supplemental liability protection. This policy covers your losses in case of any damage you caused to others.
All car insurance policies cover liabilities in case of damage to others. You should only consider purchasing supplemental protection if you don’t have any insurance at all or have the bare minimum.
[title_inner_large center=”0″]Personal Injuries[/title_inner_large]If you purchase personal accident coverage from the rental service, you’ll be compensated for the complete medical costs in case of injuries to you or your passengers.
Your auto insurance policy may have a benefits that include personal injury protection. But if your policy doesn’t extend benefits to your passengers, you may want to opt for insurance provided by the rental service.
Whether you’re looking for tips on renting a luxury car or need to know what insurance policies you can purchase at Select Exotic Cars; our team is always available to answer your questions.
Visit our FAQ page or contact us at +1-702-749-8411 to learn more about our services.