INSURANCE INFORMATION
Does my company provide
for any insurance coverage?
Does my regular
insurance coverage transfer to rental cars?
Does my credit card
offer enough insurance coverage?
Should I accept the
Rental Companys damage coverage?
Does my company
provide for any insurance coverage?
If you are on a business rental, check with your
company about their policy concerning rental car insurance coverage.
Will they reimburse you the expense or should you
decline the coverage?
If you are to decline, does the company have
insurance to cover the car?
Will the company provide coverage for additional
drivers of the vehicle?
If they do cover additional drivers, do those
drivers have to be fellow company employees?
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Does my regular
insurance coverage transfer to rental cars?
Check these items with your insurance agent before
you leave.
Is your policy up to date and valid during your entire rental
period?
Are you covered in a rental car?
Is my coverage valid if Im renting or driving
outside the United States?
What is your deductible?
Does your coverage protect you against
underinsured or uninsured motorists?
Does your coverage pay for downtime, or do you
have to pay the Rental Company for lost rental days while the car is
being repaired?
Will your coverage transfer completely to any type
of rental, i.e. luxury car, convertible, sports car or van.
Does your coverage have a time limit that will
only cover part of the rental period?
Would your coverage transfer to others in your
party that might also drive your rental car?
Will your coverage protect you against the medical
claims of your passengers and others injured in the accident?
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Does my credit card
offer enough insurance coverage?
Most credit cards that say they will cover the
rental car, offer only secondary coverage, so they will look to your
personal insurance to cover the claim and then reimburse you any out
of pocket expenses.
If youre depending on your credit card for
coverage, read your credit card agreement carefully so that you can
fully understand the type of coverage they offer.
You at least want answers to the same questions
that you would ask your insurance agent if you were planning on
using your personal insurance for coverage.
Ask that current written copies of their policies
be sent to you, so you can read them yourself.
Make sure you understand their claim procedure.
The renter is ultimately responsible for any damage to the vehicle.
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Should I accept the
Rental Companys damage coverage?
After checking with your agent and credit card
company, you can then make an informed decision about coverage at
time of rental.
Weigh the cost of the Rental Companys damage
waiver and/or accident insurance against the cost of your
deductible, possible rate increase, legal costs and the hassles of
making a claim.
Remember that youll most likely be driving an
unfamiliar vehicle, on unfamiliar busy roads with lots of new things
to see and distract you while you are surrounded by lots of other
drivers in the same situation.
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