Doesn’t it seem confusing sometimes just to acquire a rental car? There appears to be so much paperwork and so many decisions to make.
For instance, should you receive the collision damage waiver or not? Should you purchase additional insurance coverage from the vehicle rental company?
If you’ve ever watched people at the rental car counter, you realize they are questions that a lot of people struggle with. Sometimes you can decline additional insurance on car rentals, but there are specific instances that you should always purchase the insurance. But how have you any idea?
Among the biggest regions of confusion could be the Collision Damage Waiver (CDW) made available from the vehicle rental company at the time of rental. It covers injury to the rental car if you’re involved with an accident.
The CDW isn’t exactly insurance, and it only covers only injury to the rental car. It doesn’t cover property damage or personal injury car rental in kelambakkam. If CDW is purchased, the vehicle 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 vehicle rental agency pushes at you? Experts say that a lot of people don’t require it but purchase it anyway. This can be a too costly mistake!
You can save your self plenty of hassle and unnecessary cost by doing three things. First, check your personal car insurance coverage to see what coverage carries over to rental cars. Second, see if the credit card you are using offers any coverage for renting. And finally, check the options the vehicle rental agency offers in its policies.
Many car insurance policies include all-inclusive and collision coverage to damages to rental cars. There is no sense investing in more if your policy includes this coverage, right? Just verify the important points with your insurance agent when you decline the vehicle rental company’s additional insurance options.
Typical car insurance policies provide liability coverage that also includes car rentals. In the event that you injure someone in an incident while driving a rental car, your policy will often cover you. If your vehicle insurance coverage does not provide these coverages when you’re driving car rentals, make sure you purchase additional insurance from the vehicle rental company to safeguard yourself.
Furthermore, many credit cards offer coverage for rental cars. If your credit card includes coverage for car rentals which have been damaged in an incident, that you don’t need to get any additional insurance coverage the vehicle rental company offers you.
Finally, read the vehicle rental policy carefully and decide whether or not your vehicle insurance or credit card covers you. Then discuss the vehicle rental’s coverage with the agent. Always make the best decision. Don’t give into pressure by the vehicle rental agent.
Deciding whether or not to pay for additional insurance coverage the vehicle rental companies offer can be a tough decision. Check with your credit cards and existing car insurance coverage to see if they offer rental car provisions, and if they don’t really, you’d better consider spending the excess money for extra insurance for your own personel protection.