Do I Really Need Rental Car Insurance?
If you plan to rent a car, you will have to decide whether to take the insurance offered by the rental company. Often, there is no necessity for such insurance, and it will result in duplicate coverage.
Other People Are Reading
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Existing Coverage
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If you own a car, your present insurance usually covers a rental car. To be sure, check with your insurance agent in advance or read your policy to see if coverage applies.
Other Sources
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If you rent a car with a credit card, your card provider may offer rental car insurance as a benefit. Check to learn what types of coverage the card provider offers.
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Considerations
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You will need to take the rental car coverage if you do not own a car and have no insurance of your own. You also need rental car insurance if you don't have collision coverage on your present policy. In that case, consider purchasing the collision damage waiver (CDW), which will pay for most repairs if you damage the rental car.
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References
- Photo Credit Luxury Car sportscar from my luxury car series image by alma_sacra from Fotolia.com
