What's the point in getting insurance with rental cars?
- Author Marcus Stalder
- Published February 9, 2011
- Word count 533
How many times have you used rental autos and had to make the decision whether or not buying additional insurance for the rented vehicle. On one hand it's an additional cost you simply don't want to drain your wallet. On the other hand, having such a backup when driving a rented car can save from a lot of trouble if something happens while you're behind the steering wheel. So, is there any sense in getting rental car auto insurance or not?
A certain amount of rental car insurance is simply a must when using such a vehicle. You can get the insurance from the rental company, any insurer you can typically get auto insurance quotes from, or even a credit card union.
Most rental car companies typically offer basic auto insurance, which includes third party liability, personal accident and accidental death insurance. It is usually offered as a Collision Damage Waiver (CDW), which has become the industry standard. CDW basically means that the renter won't be liable nor pay for any damage while using the rented vehicle. Sometime, an additional liability policy may be included, protecting the renter from any retribution from third parties.
So, CDW sounds like a good deal? Probably, until you see the price tag. With an industry average of $9-$19 per day, CDW is quite a costly option that can easily double your rental rate. Besides, with so many insurance companies extending their coverage to rented autos, getting a CDW doesn't seem like the brightest idea you can come up with if your budget is limited.
Still, CDW may be a necessity, especially for those traveling a lot, prone to accidents or taking trips to other countries where their auto insurance policies do not apply. In such circumstances you can even be required to include a CDW with your rental contract regardless of whether you like it or not.
What may happen if you do not get rental car insurance and end up in an accident? Things will get bad for your wallet, that's for sure. You will be charged for the damage to the car and in many cases the rental company will also charge you for the lost income and diminution of market value of the damaged vehicle. And that will cost you far more than a simple CDW.
You may think that your credit card company's insurance protection may help you with evading such aggressive practices of rental companies, but it's not quite so. Most credit card companies require the utilization fleet logs to be revealed by the rental companies, and that's something that most companies won't agree to. Besides, credit card insurance is generally regarded as a secondary weaver, meaning that they will only pay you only after a claim was filed to the auto insurance company in the first place.
So, as you see, there may be a reason for buying rental car insurance, and it depends on the circumstances. One great way to avoid it is having your personal auto insurance policy covering rental car use. Keep that in mind when looking for auto insurance quotes next time, because you can save yourself from a lot of hassle when dealing with rental cars.
Professional writers like Marcus Stalder appreciate it when they have a ground for helping people learn more about things. [http://www.insurlistonline.com/articles/quotes-for-rental-cars.html](http://www.insurlistonline.com/articles/quotes-for-rental-cars.html) is just the place for Marcus Stalder and other professionals share their knowledge with others.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Golden Roots: How Turmeric Became the World’s Most Powerful Natural Healer.
- “Greta Gerwig and the Rise of Women Behind the Camera in Hollywood.”
- “The Crown of Cinema: From Citizen Kane to The Godfather.”
- The Miracle of Mother’s Milk: Unveiling the Lifelong Benefits of Breastfeeding.
- The Evolution of James Bond: Six Decades of Cinema’s Most Enduring Spy.
- Pumpkin Spice, But Make It Office-Friendly: A Beginner’s Halloween Makeup You Can Wear to Work
- The Man Behind the Cape: The Life and Tragic Fall of George Reeves.
- Is Learning to Drive in an Automatic Car Easier? — Expert Answers from Autogear Driving School Glasgow
- Nature’s First Superfood: Why Breast Milk Is the Ultimate Nourishment for Your Baby.
- Decorating the Humble Ranch House This Holiday Season with Vintage Carved Wood Furniture
- Personalized Carved Wood Doors: Your Gateway to Resort-Style Living at Home
- Cozy Neutrals and Natural Textures: Creating Your Deep, Lived-In Sanctuary
- Home for the Holidays: Creating Wholesome Spaces with Vintage Furniture and Antique Carved Doors
- Beyond the Buzzword: Understanding the Difference Between Ketosis and the Ketogenic Diet.
- The 24-290 mm Paradox: Why a 12× Zoom from 2001 Still Outresolves Today’s 8K Sensors
- The Power of Ketosis: Unlocking Your Body’s Hidden Energy Source.
- Navy Veteran With Dementia Found Dead in Assisted Living Freezer!
- Fueling the Future: Why Ketosis Is the Key to Lasting Energy and Metabolic Health.
- The Genetic Stew
- Common challenges in IT modernization
- Naka Solutions Reviews: Innovation, Quality Service, and Trader Trust
- The Style Upgrade: Why Coretec Floors Outshine Traditional Vinyl
- Ketosis Unlocked: The Science Behind Your Body’s Natural Fat-Burning State.
- Luxury Morocco Shore Excursions: Discover Authentic Beauty in Comfort and Style
- The Silent Disruptor: Understanding How Thyroid Imbalance Affects Your Body.
- Fehmi Lights Inc. & Fehmi Lites Manufacturing Co. – Shaping the Future of Illumination
- Thyroid and Hormone Harmony: The Delicate Balance That Shapes Your Health.
- Discover Morocco with Face Tours: Authentic Journeys Across the Kingdom
- The Thyroid Connection: How This Small Gland Controls Big Changes in Your Body.
- Morocco: The Rising Star of African Tourism — A Journey Through Culture, Desert, and Hospitality