Rental Car Coverage
Spring break season is here! As your insurance agent we want you to enjoy this vacation with your family and not worry about your coverage. Before you book your flight and hotel give us a call to see if your current auto insurance has you covered. Many rental car companies will offer additional auto coverages for your rental car which brings up the question, do you need this?
Every insurance carrier has their own rental car terms and conditions, so it is critical that you speak to your agent prior to your trip. For example, your carrier may extend coverage from your auto policy which is great unless you have liability only then your rental car wouldn’t have property coverage which creates an exposure for financial loss. Some carriers do not have an extension from your auto policy, so it is important you purchase the additional coverage at the rental company. Other things to consider are loss of use and diminishing value. Loss of use refers to the money the rental company would be out due to the car not being able to drive. Diminishing value should also be consider as this refers to what the car’s value would be prior to the accident and what the car is worth now. You would be responsible for paying for both if there was an incident which is another reason you want to be sure you are covered properly.
See this short video from Zywave Inc for a summary of Rental Car Insurance.
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Give us a call and speak to your agent about all the coverages you can carry to protect your family and your belongings.
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