An Independent Look at Rental Car Insurance When you step up to the Rental Car Counter the Rental Agent is going to ask you if you want to purchase insurance for the rental vehicle. If you say no they will ask you to initial next to each coverage that you decline. The decisions that you make in these few moments could have a dramatic impact on your financial situation. Deciding if you need to purchase the auto insurance offered at the Rental Car counter before you arrive can keep you from incurring a serious financial loss or wasting your money on insurance that you already have or do not need. One of the questions that we are asked most as auto insurance agents is "Do I need to purchase the auto insurance offered at the rental car counter when I rent a car?" The answer to this question is maybe.
You may be able to provide coverage for the rental car using insurance policies you already own or you may decide you need to purchase additional protection. In this article we are going to give you the information that you need to make these crucial decisions. When You Rent A Car There Are Several Ways To Secure Coverage For It Without Having To Purchase Coverage At The Rental Car Counter. Transfer Coverage From Your Existing Auto Insurance Policy - If you are going to be renting a car and you have an existing auto insurance policy you should take your insurance I.D. card with you when you rent the car. The car rental company may require it and it can save you a lot of time and aggravation if you are pulled over by the police in your rental vehicle.
The coverage and deductibles on your own auto insurance policy will automatically transfer to cars that you rent as long as you are not using the rental car for business purposes or renting in another country. You should check the declarations page of your personal auto insurance policy to find out if you currently carry Property Damage Liability, Comprehensive and Collision coverage. Make note of your Property Damage Liability limit and your Comprehensive and Collision Deductible. If you are renting a car in another country you should definitely consider purchasing coverage at the rental counter as most personal auto insurance policies only cover their owners in the country where the policy was written.
Use Coverage Provided By Your Credit Card - Most major credit cards advertise rental car insurance as one of the benefits of owning their card. The truth is that the coverage that these cards provide usually only pays after your personal auto insurance policy limits have been exhausted and only if you used their card to pay for the entire price of the rental. The level of protection with credit cards seems to change on a daily basis so we recommend calling your credit card company to determine your exact level of protection for rental cars.
https://www.bajajallianz.com/Corp/motor-insurance/car-insurance.jsphttps://www.bajajallianz.com/Corp/motor-insurance/car-insurance.jsp Follow us on : https://www.facebook.com/BajajAllianz http://www.linkedin.com/company/653474 https://plus.google.com/+BajajAllianzGIC/posts https://twitter.com/BajajAllianz https://www.youtube.com/user/BajajAllianzGIC https://instagram.com/bajajallianzgeneral/