JSMedia – If you’re in the market for a rental car, you might wonder: Does my auto insurance cover it? The answer to that question depends on the limits of your policy. Normally, your personal auto insurance covers rental cars. However, you need to check your coverage policy to ensure it covers all expenses that may arise when you rent a car. For example, if you have $1,000 in coverage on a daily basis, the policy will cover fuel costs and a security deposit up to that amount. But what if you only need to rent the car once for a few days? You could be out of luck.
As a result, you should consider purchasing an extra insurance policy to cover rental cars. Most rental companies offer collision damage waiver coverage that can reduce your costs by up to $19 per day.
This option is not insurance, and you will have to bear all of the expenses, including towing and loss of use. If you decide to rent a car, you can also purchase a supplemental policy to cover the cost of medical bills and personal items. The addition of this coverage is regulated by New York State Insurance Law.
Does My Auto Insurance Cover Rental Cars Better Money?
Some rental car insurance plans include additional features like loss damage waiver, personal accident insurance, and liability coverage. If you purchase this type of insurance, you won’t be responsible for any damages. Unlike collision and comprehensive policies, loss damage waiver will waive your responsibility for damage to a rental vehicle, including theft and environmental damage. The good thing about this option is that it doesn’t require a deductible.
Whether or not your policy covers rental cars depends on several factors, including the state in which you live and whether you have additional coverage on your personal auto insurance. In most cases, your primary auto insurance will cover rental cars. To make sure your coverage is enough, make sure you check your policy’s terms and conditions and choose the best plan for your needs. If your car rental policy does not cover the rental, you should opt for the damage waiver.
The cost of rental car insurance is a big factor when you rent a car. It can be a bit overpriced if you don’t own a car, but it is still worth considering. If you rent a vehicle on a regular basis, it’s best to get rental car insurance. This isn’t a necessity, but it may be beneficial for some travelers.