When you rent a car and you opt for the insurance, frequent travelers may feel they could have saved loads of money with all the unnecessary insurance additives. However, there could come a time when you or someone else put even a small scratch on the vehicle and you will be glad you got that insurance.
Many travelers are not fully aware of the coverage that they already have before they approach the car rental counter. Consumers will purchase car insurance at the rental company just to make sure they are covered. Before renting a car, check with your personal car insurance or the credit card you will use to make the rental and become familiar with the coverage you have. It is not uncommon for travelers to purchase car insurance unnecessarily when they could have saved their money.
Several credit cards have some collision and theft protection although personal car insurance or insurance from a rental company is better. When relying on the coverage provided by your credit card, make sure not to delay when filing a claim and read all small print carefully.
Personal auto insurance does come with some conditions or restrictions. For example, you may not be covered in foreign countries and coverage for long-term rentals may be.
Avis sells five kinds of coverage: a loss damage waiver, supplemental liability insurance, two types of personal accident insurance and personal effects protection. Some travelers insist that insurance coverage from a car rental company is a rip-off and way too expensive. Even some travelers who have had to cough-up a large sum of money to repair damages on a rental continue to reject the rental company’s coverage.
Other travelers swear by purchasing the insurance from car rental companies because it saves them from dealing with the rental company and the others involved in an accident. The car rental company bills the responsible parties and deals with the hassle. Aside from getting the mess taken off their hands, customers who purchase insurance on top of their full personal coverage can keep their good standing with their personal insurance company in the case of an accident.