tips for rental car insurance before signing for it

12
Tips For Rental Car Insurance Before Signing For It An overview by BankBazaar

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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

Page 1: Tips for Rental Car Insurance Before Signing for It

Tips For Rental Car Insurance Before Signing For It

An overview by BankBazaar

Page 2: Tips for Rental Car Insurance Before Signing for It

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.

Page 3: Tips for Rental Car Insurance Before Signing for It

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

Page 4: Tips for Rental Car Insurance Before Signing for It

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

Page 5: Tips for Rental Car Insurance Before Signing for It

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.

Page 6: Tips for Rental Car Insurance Before Signing for It

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

Page 7: Tips for Rental Car Insurance Before Signing for It

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.

Page 8: Tips for Rental Car Insurance Before Signing for It

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.

Page 9: Tips for Rental Car Insurance Before Signing for It

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.

Page 10: Tips for Rental Car Insurance Before Signing for It

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.

Page 11: Tips for Rental Car Insurance Before Signing for It

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.

Page 12: Tips for Rental Car Insurance Before Signing for It

GET MORE DETAILS OF CAR INSURANCE

to http://www.bankbazaar.com/insurance/car-insurance.html