tips for rental car insurance before signing for it
DESCRIPTION
Sometimes we may need to travel some place, and when we don’t have our own car or are not keen to take our own car, we often hire a car on rent. This is a general practice. But, have we ever thought that what if the car gets collided? Or, what if some of us dies due to accident? Or, what if the car gets stolen? Or, what if the car gets damaged? And many more. The answer for these questions lies just in one word i.e. “Rental car insurance”. There is a product in the market called rental car insurance where you can get a car insurance on your rented car to protect yourself from the unforeseen expenses which may hit you the next day. But, before going for a rental car insurance, you have to follow the following tips to make the best out of it. Check below!TRANSCRIPT
Tips For Rental Car Insurance Before Signing For It
An overview by BankBazaar
WHAT IS RENTAL CAR INSURANCE ?
“Rental car insurance”. There is a product in the market called rental car insurance where you can get a car insurance on your rented car to protect yourself from the unforeseen expenses which may hit you the next day.
HELPFUL TIPS FOR BEFORE BUYING RENTAL CAR INSURANCE
Assess Your Need
Compare And Check Reviews
Ask For Loss Damage Waivers And Collision Damage Waivers
Ask For Additional Liability Insurance
Check With Existing Insurance Provider That Whether Your Car Insurance Extends
To Rental Cars
Check With Your Credit Card Company If You Are Paying Rentals Through Credit
Card:
Check For The Amount Of Deductibles
Currently Not Insured? At Least Buy Liability Coverage
ASSESS YOUR NEED
This is probably the first step to get your rental car insurance done.
Assessing your needs means to check your requirements on car
insurance for your rented car. This includes the following factors:
Assessing your coverage amount
Checking for any riders that you need
For how long you need an insurance cover
How much premium you can afford
COMPARE AND CHECK REVIEWS
This is the step which will ideally give you a picture of insurance
providers that matches your requirements and you can go ahead with
the best one by cross checking its reviews and ratings.
ASK FOR LOSS DAMAGE WAIVERS AND COLLISION DAMAGE WAIVERS
Always ask your vendor to provide you certain coverage like:
LDW: loss damage waiver will protect you against any unfortunate expenses arising
from the damage of your rental car due to fire, theft and other aspects.
CDW: collision damage waiver will protect you from any unforeseen expenses that
may hit you if your car is being collided with any other vehicle
ASK FOR ADDITIONAL LIABILITY INSURANCE
Sometimes our present insurance cover is not much that covers entire
liability expenses, so, you have to ask your insurance vendor to
provide you an additional liability insurance coverage so that all your
expenses might get covered and there would be very little left for you
to pay.
CHECK WITH EXISTING INSURANCE PROVIDER THAT WHETHER YOUR CAR INSURANCE EXTENDS TO RENTAL CARS
Sometimes your existing car insurance also covers rental car. So, it is
beneficial for you, if you check with your current insurance provider
that whether the insurance is extended to the rental cars or not. If so,
then there is no need to take rental car insurance except for some
particular riders that you really want.
CHECK WITH YOUR CREDIT CARD COMPANY IF YOU ARE PAYING RENTALS THROUGH CREDIT CARD
Sometimes the credit card company through which you are paying your
rentals for car provides you with the rental car insurance. You just have
to check with credit card company, if you are paying rents through your
credit card for such offer. If they’ll provide the same, then you need not
to go for an extra insurance.
CHECK FOR THE AMOUNT OF DEDUCTIBLES
There are certain amount of deductibles that you only have to pay
from your pocket if some damage has occurred to your rental car.
Please check in advance for the amount of deductibles included in
your rental car insurance policy.
CURRENTLY NOT INSURED? AT LEAST BUY LIABILITY COVERAGE
It is the fact that you must have at least a liability coverage that
protects you from unforeseen expenses due to damage or any
liability occurs on you. So, if you are not having a rental car
insurance, at least go for a liability coverage.
It is the fact that you must have at least a liability coverage that
protects you from unforeseen expenses due to damage or any
liability occurs on you. So, if you are not having a rental car
insurance, at least go for a liability coverage.
GET MORE DETAILS OF CAR INSURANCE
to http://www.bankbazaar.com/insurance/car-insurance.html