When someone rents a car from a car rental company, they will be asked if they want to add the company's rental car insurance to the rental contract. With that in mind, it's always good to know what our choices are. This rental car insurance is meant to protect both the person renting the car and the company renting the car in case anything happens to the car while the renter has it. Many people aren't sure if the price of rental car insurance is worth the coverage they get. Others think that their current car insurance or the rental car insurance coverage that many credit card companies offer is enough to protect them from liability if something happens to the rental car while they have it. Some people find that the insurance offered by the car rental company is the best way to cover themselves.
There are a few different kinds of coverage for rental cars that are part of the insurance that rental car companies offer. The first type of coverage is the damage waiver, which can include a collision damage waiver, a loss damage waiver, and a physical damage waiver. With each of these waivers, the person who rents the car gives up the insurance company's right to ask for more money from them if the car gets damaged while they have it. The collision damage waiver protects the renter in case the rented car gets into an accident with another car. The loss damage waiver protects the person if the car or parts of the car are stolen while the person is in possession of the car. The physical damage waiver protects the person from being held responsible if the rented car is damaged by something other than a crash, like skidding off the road, bad weather, hitting a tree, or getting hit by a truck with a flat tyre.
Personal liability coverage is another useful type of car insurance that rental car companies offer. This type of car insurance protects the person in case they hurt another person, vehicle, or piece of property while driving the car they rented from the car insurance company. The company's personal accident insurance will give you a one-time payment if you or a passenger in your rental car gets hurt, maimed, or killed in a car accident that involves the rental car. Personal property insurance is the last type of insurance that most rental car insurance companies offer. This will pay to replace any personal items that are lost or stolen from the rental vehicle while it is in the renter's possession. Each of these types of rental car insurance has its own limits, so it's always best to carefully read the terms before signing and getting insurance from the rental car company.
