Whether renting a car for business or for pleasure, the last thing anybody really wants to need to worry about paying for damages to your rental vehicle should it occur. For this reason, there is car insurance to cover drivers that are using a rental vehicle. A lot of people opt out of buying car insurance because they feel it is an unnecessary expense. The simple truth is, without car insurance a man could be liable for a lot more money than what the price of car insurance would be if he or she were to endure damage to a rental vehicle.
A common misconception among lots of individuals who rent a vehicle is that their personal car insurance policy will cover them for rental vehicles as well. This isn’t always the case. Some personal auto insurance plans will cover a motorist when she or he rents a vehicle but this is not the standard. A person should always consult his or her insurance policy or speak to their insurance agent to help determine if rental cars are covered on the personal automobile insurance policy. If rental vehicles are not covered by the personal car insurance policy, then the renter has a responsibility to secure rental insurance.
Car insurance can be bought directly from the rental company. Many rental companies offer different insurance coverage plans to match the individual needs of the renter. The car rental insurance premium is calculated by a daily rate and in a few cases a weekly rate if a person is planning a protracted rental period. The premium amount is added to the rental fees and paid for all together. A renter would have to pick for and buy car rental insurance at the time of leasing. It cannot be added at a later time. This alleviates the possibility of insurance fraud.
Buying car insurance is not always needed when renting a vehicle. Some major credit card companies offer cardholders perks for example car rental insurance only for being a member. To qualify for car rental insurance through a charge card business, that exact card will need to be used to secure the leasing. Not all credit card companies offer this perk to its members. A man should always phone and consult with an agent from their credit card business to determine if she or he has this coverage and what the qualification conditions are to benefit from this perk.