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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 Company's damage
coverage? |
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| 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 I'm 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 you’re 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 Company's 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 Company's
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 you'll 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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Section: BEFORE YOU LEAVE
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