Knowing what coverage to purchase during your summer vacation.
Buying auto insurance for a rental vehicle can be a complex and confusing experience, but it is important to take the time to consider it in order to protect your summer vacation from financial catastrophe.
Summertime adventures can easily go awry if a traffic accident occurs.
Having the right auto insurance on a car that you have rented for your road trip or your vacation out of town, can mean the difference between an accident that will cause a minor inconvenience and a complete disaster that will cost you several thousands of dollars out of your own pocket.
Get to know your auto insurance options to make sure that your rental is properly covered.
Renters have a number of different options for auto insurance coverage, including the options offered by the rental agency itself, but also credit card companies and personal car policies.
Look into the options available for auto insurance through the other services that you already have, as you may already have full coverage, or you could have partial coverage that you need only supplement with a cheaper policy.
There is a careful balance to making sure that you have the right amount of protection. While you don’t want to pay twice for the same coverage, and it is best not to pay to have additional coverage that you will never need, it can be detrimental to your summer vacation and your finances if your auto insurance policy falls short on your rental.
Understand the coverage that you will actually need – in terms of both liability and collision – before you get started, and then take the time to consider what you have and what is available through the rental car agency. This will help you to know that you have made the right choices for auto insurance.
Furthermore, one of the most important elements of having the right auto insurance coverage on your rental car is to ask questions when you don’t know something. Call your credit card company or regular policy provider, and talk to the people at the rental agency. Informing yourself is one of the best tools that you have for making proper coverage decisions.