With so many people planning to family and friends over the Thanks giving weekend visit, there are probably long lines at car rental companies throughout the country. Insured's right to rent a car can be difficult. Unfortunately, many consumers do not even know about car rental insurance until they get to the counter, which can result in costly mistakes thinking, according to the Insurance Information Institute (III).
"Do not buy or rentMotor insurance or other insurance product should not be a quick decision, "said Jeanne M. Salvatore, Senior Vice President and consumer spokesperson for the III" Unfortunately, with long car rental counters during the holiday season, panic when some people asked if they buy To fall or car rental insurance. Made with a number of decisions will be some tenants either buy all of the coverage or they decline the insurance without knowing whether they under other policies. This may be underinsured consumers in both a waste of money by purchasing unnecessary coverage or in a dangerous manner. "
Before rent a car, the III suggests that you make two phone calls to your insurance agent or company representative and the other for the credit card company you will use to pay for the rental car.
Insurance Company
Find out how much coverage you currently own> Auto. Apply in most cases, whatever coverage and deductibles you would on your own car if you offer rent a car, you drive for pleasure and not for business. Remember, if you drop comprehensive or collision on either to lower the car as an opportunity cost, you will not be covered if you or your car stolen, damaged in an accident. In this case, you should buy the collision damage waiver from the carCar rentals.
Credit Card Company
The insurance benefits offered by credit card companies differ by both the company and / or the bank that the card and the amount of the credit card being used. Thus, for example, a platinum card offer more coverage than a gold card. Knowing exactly what type of insurance you have, the 800 number on the back of the card, which you will use to call to rent the car. If you are ever on a credit card for insuranceProtection, ask the card or a bank to send their coverage information in written form. In most cases, credit card benefits are secondary, either your personal insurance protection or the insurance offered by the rental company. If you have more than one credit card, which will see each one, in order to examine the best insurance protection and travel assistance provides services profession.
In the rental car counter
Since insurance is state regulated, the The cost and scope vary from state to state. Consumers, however, can usually choose from the following insurance:
Damage Insurance
Sometimes referred to as comprehensive insurance, this is not technically an insurance product. To do collision liberation, but to give relief or "tenant's financial responsibility if their rental car is damaged or stolen. In most cases, waivers and coverage for "loss of use," for the hiring> Car Company charges the renter for the time a damaged car can not be used because it is attached.
Exceptions may, however, ineffective if the accident by speeding or driving on unpaved roads while driving was intoxicated. If you comprehensive and collision coverage on your car, you may not need this additional protection, the cost is usually between $ 9 and $ 19 per day.
Liability Insurance
Liability provides protection for upup to $ 1 million. Rental companies are legally obligated to complete the state required amount of liability insurance. In general, these amounts are low and do not offer much protection. If you are adequately insured on your own car, you can check the waiver of this additional liability protection. If you feel comfortable with this additional insurance, it will cost 7 to 14 U.S. dollars per day. However, an umbrella liability policy can cost. This provides an additionalMillion dollars of liability protection for accidents while driving your own car or one that you rent. Umbrella liability costs between $ 200 and $ 300 per year.
Personal Accident Insurance
Offers coverage of you and your passengers for medical and ambulance bills for injuries caused in a car accident. If you have an adequate health insurance or is covered by personal injury protection under your own car insurance, you can not do that,Additional insurance. It generally costs about $ 1 to $ 5 per day.
Personal Effects Coverage
Provides coverage for the theft of items in your car. If you have a home or renters insurance, you are generally covered for theft of your belongings away from home, minus the deductible. Generally, this coverage
cost between $ 1 and $ 4 per day. If you frequently travel with expensive items such as jewelry or sports equipment, it can cost toPurchase a floater under your home or renters insurance policies. In this way the elements are fully protected with insurance at home and while driving.
If you do not have a car and are a frequent car renter, you might consider purchasing a non-owner liability policy. This not only provides protection if the liability you rent a car, but also when you borrow someone else's car.
If you plan to find a car outside the United States to rentout what the insurance requirements are in the country you are visiting and purchase the necessary coverage. Speak with your travel agent and insurance agent or company representative before you get there and bring a proof of insurance in the U.S., if necessary.
States have minimum age to rent a car and some rental car companies now investigate your driving record and / or credit history, ask about prior to the rentalPick of the car.
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