Doesn’t it seem confusing sometimes just to get a rental car? There seems to be so much paperwork and so many decisions to make.
For example, should you get the impact damage waiver or not? Should you buy additional insurance coverage from the car rental company?
If you’ve ever viewed people at the rental car counter, you exotic car rental miami know these are questions that most people battle with. Sometimes you can decline additional insurance on car leases, but a number of instances that you should always buy the insurance. But how do you know?
One of the biggest areas of confusion is the Impact Damage Waiver (CDW) offered by the vehicle rental company at the time of rental. It covers damage to the rental car if you are involved in an accident.
The CDW isn’t exactly insurance, and it only covers only damage to the rental car. It doesn’t cover property damage or personal injury. If CDW is purchased, the vehicle rental company waives some or all of its directly to gain from you for physical damages to the car.
So should you pick the CDW the vehicle rental agency pushes at you? Experts say that most people don’t want it but purchase it anyway. This is a very expensive mistake!
You can save a lot of hassle and unnecessary cost by doing three things. First, check your own car insurance policy to see what coverage carries over to Rental Cars. Second, see if the credit card you are using offers any coverage for leasing. And finally, check your options the vehicle rental agency offers in its policies.
Many car insurance policies include all-inclusive and impact coverage to damages to Rental Cars. There is no sense paying for more if your policy includes this coverage, right? Just verify the details with your insurance professional before you decline the vehicle rental company’s additional insurance options.
Typical car insurance policies provide liability coverage that reaches to car leases. If you hurt or injure someone in an accident while driving a rental car, your policy will often cover you. If your car insurance policy does not provide these insurance coverage when you are driving car leases, be sure to purchase additional insurance from the car rental company to protect yourself.
In addition, many credit cards offer coverage for Rental Cars. If your credit card includes coverage for car leases which have been damaged in an accident, you should not buy any other additional insurance coverage the vehicle rental company provides you with.
Finally, see the car rental policy carefully and decide whether or not your car insurance or credit card covers you. Then discuss the vehicle rental’s coverage with the agent. Always make an informed decision. Don’t give into pressure by the car rental agent.
Deciding whether or not to pay for additional insurance coverage the vehicle rental companies offer can be a tough decision. Check with your credit cards and existing car insurance policy to see if they provide rental car convention, and if they don’t, you’d better consider spending the additional money for additional insurance to your own protection.
You shouldn’t pay for any situation that you really don’t need! On the other hand, you don’t aim for inadequate coverage in the event of an accident with Rental Cars.