Generally, many people depend on their own vehicles to go about their daily routines. However, there are instances when you could decide not to use your car, which may be the case if you're going for a short trip out of town and have to leave your vehicle for use at home. If you opt to hire a rental car on your trip, consider getting auto insurance. Learn more about the options you can consider when you're securing rental car insurance.
Personal Effects Insurance
Under this insurance cover, you'll receive compensation for items lost from inside the rented vehicle up to a specific limit. Nonetheless, before considering this coverage, you should check whether coverage for the loss of personal possessions is already stipulated in your homeowner's insurance. Even if it is not, and yet you've got travel insurance that includes compensation for luggage loss, you're still assured of compensation in case you lose your personal possessions.
Collision Damage Waiver
One of the key reasons you should consider this coverage is that you'll be compensated in case of damage or theft of your rental car. Many car rental companies will provide compensation for the forms of damage they include in their policies. This means you'll have to pay out of pocket for any kind of damage not included in the policy. So, when renting your vehicle, read through the policy and pay attention to the damages covered in order to avoid any surprises in the event of a crash. It's also important to note that a collision damage waiver has a deductible.
Supplemental Liability Insurance
Supplemental liability will cover losses on your behalf if you cause property damage, like running into someone's fence or shop with a rental vehicle. It will also provide compensation for hospital bills incurred from injuries you cause to other people following such a car crash. You should consider this coverage if your liability insurance is too low. Once you obtain it, you don't have to worry about paying for costly repairs and medical bills you may be responsible for.
Personal Accident Insurance
If you're involved in a collision and require an ambulance, or medical care, buying personal accident coverage will pay for such expenses. However, this insurance policy may not be necessary if the coverage is already part of your auto insurance policy. Moreover, if you plan to drive outside the country, where U.S. health insurance may not be applicable, consider purchasing travel insurance that includes emergency transportation.
Acquiring insurance for a vehicle you have rented is important as it guarantees protection after a crash. So, from the options mentioned above, it is prudent to select those that best suit your needs.