Renting a car can be a very convenient and liberating way to explore your destination when traveling. Check with personal car insurance to see if the current provider will cover the rental domestically or abroad when traveling and consider travel insurance to protect you and your trip costs.
Does a Car Insurance Policy Offer Coverage?
People should always check with their agent for existing collision coverage to pay for the rental vehicle in the event of an accident. If an individual already has collision coverage on their rental, it is not worth buying twice. If a person does not have coverage, however, he or she will want car rental collision coverage.
Benefits of Buying from the Company
What are advantages to insurance bought straight from the company? People do not have to worry about expensive costs that occur during an accident. This includes theft. On average, car rental collision coverage will cost between $20-$40, but that number will depend on the company and plan chosen. If a person has a collision damage waiver, it can cost up to $18 per day, but it shifts the liability to the rental company.
Minimum Liability Coverage
Under law, rental companies must provide a minimum level of coverage in case customers get into an accident. Nevertheless, it is not rental insurance using the literal sense of the word because rental companies have not been licensed for insurance. What they will give instead is a type of protection package. Always keep in mind, however, that provision will change from one policy to the next so check before buying.
Important: Travel Insurance and Car Rental Collision Coverage
In addition to car rental collision coverage, people may also want travel insurance. This protects their vacation, and it keeps it from becoming an expensive disaster. For example, if a person were injured in the Philippines and had to be airlifted out of the country, the travel insurance might cover it, depending on what is in the policy. Every insurance policy will differ so people should acquaint themselves with the policy to understand if they have solid protection. Every person deserves car rental collision coverage that stands behind them in the event of an accident. Without this guarantee, the costs will come out of pocket. Car Rental Collision Coverage is offered as an optional upgrade on many travel insurance plans. Compare plans online now and add car rental collision coverage as an optional upgrade to have this coverage in place.