Different Types Of Insurance That Involve Automobiles

July 13, 2017 · Posted in General Articles on Car Insurance 

We all know when it comes to purchasing a car that you will have to fork up some money both for the car and the insurance. However, does your insurance cover rental car? What kind of insurance coverage do you need for this?

There are plenty of ways to ensure that you are covered for these situations. If you have car insurance already, there is a good chance that you also already have liability insurance. This would cover you for when you need to rent a car.

This coverage will cover any injuries if there were to be any. This coverage will come from your personal policy and not the one that Rental Company will offer you. Just be sure to confirm with your insurance agent that this is included in your policy.

Just in case there is a collision, it would be smart to purchase the collision coverage offered by the rental company. The risk reward situation here makes it definitely worth protecting yourself. Just a few dollars can potentially save you thousands or more down the line.

This insurance will cost between $10 and $20 per day, but it will save you in the long run from having to pay for any damages accrued while you were driving the car.

If you choose not to go with the insurance offered, you could end up paying for damages to the vehicle while you were using it. Your regular insurance company usually will not pay for these costs.

Another way to protect you from damage fees is to pay by credit card. There are some credit card companies that will offer theft or collision insurance in their services. However, you may want to double check with your company to make sure they do cover those.

This coverage however, will not cover any damages to you or other people involved.

 

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