subject: Knowing Ahead Of Time What Rental Car Insurance Will Cover. [print this page] Knowing what your rental car contract covers is essential. Assuming all incidents will be covered can be a costly mistake. Not many people take the time to fully read their car rental contracts. Remember, insurance companies make more money when they don't have to pay out claims. Insurance is all about the odds of an incident happening. Your rental coverage may be limited and its best to know that upfront.
People may expect the coverage to be more comprehensive than regular policies because of the high premiums being charged for such a short duration of time. That logic doesn't always hold true. The high premium is being charged as they have a captive audience that really doesn't understand the coverage and wants to have coverage if something should happen.
Many people think that they can avoid this if they just take the car rental insurance that the rental agent offers them. Even at this high cost daily rate you may run into several issues that they just won't cover you for. Don't just assume that because you paid them for this insurance that you won't have any problems getting them to cover the expenses associated with an accident because this is actually a very possible scenario.
Generally, most people are better off not paying for the car rental insurance offered through the car rental agency. A simple phone call to your own car insurance agent will let you know if you are covered by your existing policy if something happens while driving a rental car. Sometimes, coverage is provided by the credit card company you used to pay for the rental. These simple and quick phone calls may save you money.
No matter what car you are driving, being involved in an accident is unfortunate and can be problematic. Being aware of the type of coverage you have will prepare you in advance as to what cost may be expected to come out of your pocket. Often times, the insurance company can provide riders with additional cost for the coverage.
by: Jason Hall
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