Why Purchase Car Rental Insurance
When renting a car, a person can insure the vehicle by purchasing car rental insurance. There are several ways for renters to provide coverage for the vehicle. In some cases, the renter may have the coverage available without purchase and not even know it.
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Types
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There are several types of car rental insurance that can be purchased such as Loss Damage Waiver (LDW), Collision Damage Waiver (CDW), Additional Liability Insurance and Personal Accident Insurance (PAI).
Benefits
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Buying car rental insurance will protect the renter from liability of paying for damages done to or caused by the car in an accident.
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Considerations
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A person may want to consider purchasing car rental insurance instead of using their personal auto insurance. If the car is in an accident, the renter who uses their own auto policy will have their insurance rates rise.
Misconceptions
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If someone owns car insurance, buying car rental coverage may duplicate the protection they already have. A person who charges the rental purchase to their credit card may have car rental insurance as part of their cardholder benefits package.
Warning
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Buying car rental insurance at the rental car company can be expensive. In some instances it may even double the amount of the purchase.
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