Do You Need Rental Car Insurance?

If your summer vacation plans include a rental car, you need to decide whether or not it is necessary to purchase a rental car insurance policy before hitting the road! If you have a regular auto insurance policy, you are covered while driving a rental car. Your policy will cover you for all obligations assumed by you for damage to the rental car.  There is no deductible, no limit and no requirement to have collision coverage on your own car.   You should check your insurance policy for coverage territories and time limits.

For those who don’t have a personal auto insurance policy, you should consider buying a policy from the rental company, or using the insurance offered by your credit card provider. Some credit card companies only offer this service to specific members, so be sure to check ahead of time! If you decide to buy coverage directly from the rental car company, you will be protected from paying for damages done to the vehicle, or car theft. Every rental company is ordered to provide a minimum amount of liability coverage. However, this coverage probably won’t be enough if you find yourself in a situation involving negligence. On the bright side, rental car insurance may be cheaper than you think!

Regardless of whether or not you choose to buy coverage from your rental company, please read the fine print on your contract! Don’t take the risk of being underinsured. If you have any further questions about auto insurance or rental car insurance, contact Robert J. Los Insurance Agency, located in Hamburg, NY today!